oil

Brent crude rebounded more than 3% on Monday after US President Donald Trump rejected an Iranian peace proposal that would have resolved their conflict and reopened the Strait of Hormuz. With diplomatic efforts in stalemate, tensions in the Middle East remain elevated, keeping traders pricing in supply risk and pushing oil prices higher.

The US dollar held steady as rising tensions between the United States and Iran pushed oil prices higher and strengthened expectations that the Federal Reserve will keep interest rates elevated. Markets are weighing the inflationary impact of costlier oil against the risk of a wider Middle East conflict, with traders positioning for a hawkish Fed stance.

The US dollar has firmed against major currencies as escalating tensions between the United States and Iran lifted oil prices and strengthened expectations that the Federal Reserve will keep interest rates higher for longer. Rising energy costs add to inflation concerns, boosting bets on a hawkish Fed stance and supporting the greenback. Markets are watching closely for further developments in the standoff.

Iran says a draft agreement with the United States would include a waiver on oil sanctions, limits on its nuclear programme and the release of frozen assets. The outline, if confirmed, would mark a significant step toward easing tensions and restoring Iranian oil exports. Details of the draft have not been independently verified, and it remains unclear whether Washington has accepted the terms as described by Tehran.

A campaign is calling for national delegations at the COP31 climate summit to exclude fossil fuel lobbyists entirely. The demand targets the practice of oil, gas and coal industry representatives attending UN climate talks as part of official country delegations, a frequent point of controversy at previous summits. Activists argue their presence undermines negotiations aimed at phasing out fossil fuels.

Oil prices holding above $100 a barrel are prompting central banks to reassess their estimates of neutral interest rates — the level that neither stimulates nor restrains the economy. Sustained expensive energy keeps inflation pressures elevated, suggesting rates may need to stay higher for longer than previously assumed, with implications for bond markets, borrowing costs and growth forecasts worldwide.

Iran has reaffirmed its offer of a ceasefire, keeping diplomatic efforts to end hostilities in focus. Separately, British authorities say they have foiled a potential terrorist attack at a UK air base, with an investigation underway. The two developments are featured together in a global news briefing, highlighting both ongoing Middle East diplomacy and a domestic security incident in Britain.

Singapore's electricity retailers are expanding their offerings to meet increased demand as the Middle East conflict drives up energy prices and market uncertainty. Households are reportedly shopping around for plans, and providers are responding with new packages and promotions to retain customers amid volatile global oil and gas markets.

Donald Trump said the United States will soon 'win' its conflict with Iran, predicting that oil prices will fall once the fighting ends and suggesting fresh strikes could come before the US midterm elections. The comments add to speculation over whether Washington will escalate military action against Tehran, with energy markets and voters watching closely for signs of what happens next.

Oil prices have declined as hopes rise for renewed diplomatic engagement between the United States and Iran. Markets are reacting to the prospect of eased tensions that could reduce supply risks in the region. Analysts are watching closely for any concrete signals that negotiations might progress, with further moves in crude prices likely to depend on the outcome.

The Indian rupee is trading just short of 96 against the US dollar, with the Reserve Bank of India intervening to limit the slide. Pressure on the currency is being driven largely by India's oil import costs, which have weighed on the balance of payments. The central bank's actions are keeping the rupee range-bound near record-low levels, and markets are watching how long the RBI can hold the line.

Iran has put forward a seven-day plan that would see the Strait of Hormuz reopened and nuclear talks resume within a week. The proposal, reported by Al Jazeera, links the strategic waterway's status to a rapid return to diplomacy. Observers are watching whether the plan gains traction with the other parties amid ongoing tensions in the region.

Financial markets have shifted their expectations for the US Federal Reserve's next rate cut back to mid-2028, as rising oil prices and climbing bond yields signal persistent inflation pressures. Traders are pricing in a longer period of elevated interest rates, a change that could weigh on stocks, mortgages and borrowing costs worldwide if the repricing continues.

Bonds dropped alongside stocks while oil prices climbed as tensions with Iran escalated, according to Bloomberg's markets wrap. Rising geopolitical risk in the Middle East pushed crude higher, weighing on bond and equity markets as investors reassessed the outlook for energy prices and global risk appetite.

Traders believe India's central bank, the Reserve Bank of India, is intervening in currency markets to support the rupee. Pressure on the currency has mounted after stalled US-Iran negotiations pushed oil prices higher, threatening to widen India's import bill. The bank has not commented on the suspected intervention, which is a routine part of its currency management.

Ukrainian attack drones struck multiple oil and fuel storage facilities in southern Russia overnight. Footage shows the Edelweiss-95 oil products depot burning in Krasnodar Krai after the drone strike. The attacks target Russian fuel infrastructure, continuing Kyiv's campaign against depots and refineries deep behind the front line.

A US envoy has explained Washington's reasons for turning down an Iranian offer concerning the Strait of Hormuz. Iran had reportedly proposed arrangements tied to the strategic waterway, a chokepoint for global oil shipments, but the United States declined the overture. The envoy's remarks shed light on US thinking amid ongoing tensions with Tehran and stalled diplomatic efforts, though details of the offer and the rationale remain limited.

British authorities have reportedly prevented a possible terror attack, according to a Wall Street Journal opinion piece drawing attention to the operation. The item asserts that UK security services disrupted a plot, adding to ongoing debate in Britain and abroad about counterterrorism policing, surveillance powers and the pressures facing intelligence agencies. Details about the suspects, location or methods have not been confirmed in the available reporting.

British authorities are reported to have foiled a possible terror attack near a US military base in Britain. Details about suspects, timing, and the specific base have not been made public, but the reported prevention of an attack on or near an American installation in the UK is drawing attention given ongoing security concerns around US military sites in Europe.

Reports describe how a late-night drive by masked men led to the disruption of an alleged plot to attack US troops on British soil. The story recounts the circumstances that derailed what authorities are calling a planned deadly attack. Details about arrests, charges, and the current condition of any suspects remain limited in the available reporting.

US President Donald Trump said he asked Ukrainian President Volodymyr Zelenskyy to slow strikes on Russian oil refineries, claiming Zelenskyy agreed to "take it easy" on such attacks. The remark draws attention because strikes on Russian energy infrastructure have been a key part of Ukraine's war effort, and any suggestion Kyiv curbed them at Washington's request touches on debates over US influence on Ukraine's military decisions.

The United States could soon take possession of roughly $600 million worth of Iranian oil that was seized during the war. The cargo, seized earlier in the conflict under US sanctions enforcement, now looks set to be transferred to American control, adding a financial dimension to the ongoing tensions between Washington and Tehran.

British police are investigating whether arrests made near a US-run air base in the UK disrupted a suspected Iran-linked attack plot. Authorities are examining the suspects' alleged connections to Iran and any planned targeting of the American facility. The case has drawn attention amid heightened tensions involving Iran and the security of US military sites abroad.

Gloucestershire Constabulary declared a major incident early Sunday and arrested five people after stopping three suspicious vehicles heading toward RAF Fairford, a US Air Force bomber base in the UK. Authorities say a suspected terror plot was foiled. The arrests have drawn wide attention because RAF Fairford hosts American strategic bombers, making the incident a significant security event.

A farmer's tip-off to authorities has led to the disruption of a suspected terrorist plot targeting an airbase, according to news reports. The alert from the civilian prompted intervention before the alleged plot could be carried out, and the case is drawing attention to the role ordinary citizens can play in preventing attacks on military installations.

Researchers have developed a new soil test that could show how soil microbes help supply nutrients to plants. The method may improve understanding of nutrient cycling in farmland and could eventually guide more efficient fertiliser use. Details of the research, including where it was carried out and who funded it, have not been made clear in available reports.

A Wall Street strategist argues that a decline in oil prices could set the stage for a 10% rally in the stock market. The view rests on the idea that cheaper energy eases inflation pressures and reduces costs for companies and consumers, potentially supporting equities. Investors are weighing the call as oil prices fluctuate and markets look for catalysts.