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The Latest Breaking News from Brent

Brent crude falls below $74 for first time since start of the Iran war

Brent crude dropped below $74 a barrel on Wednesday for the first time since the start of the Iran war in late February, as investors continued to price out the geopolitical risk premium that had driven energy markets higher during the conflict.

Euronews

Oil Price Today (June 22): Crude oil rises above $80 as Iran shuts Strait of Hormuz again. What are experts saying?

Brent crude futures rose 54 cents, or 0.67%, to $81.11 a barrel, after briefly touching $82.30 at the start of trading. U.S. West Texas Intermediate (WTI) crude futures gained $2.02, or 2.64%, to $78.62 a barrel ahead of the contract's expiry later on Monday.

The Economic Times

Why are oil prices up now and will Brent futures and US WTI crude prices continue to rise or decline again? Oil market reacts to US-Iran escalation and Strait of Hormuz closure

Why are oil prices up now and will Brent futures and US WTI crude prices continue to rise or decline again? Oil markets moved higher after tensions between the United States and Iran increased. Traders reacted to reports about the Strait of Hormuz closure, military action, lower crude inventories, and…

The Economic Times

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Why are oil prices up today, and will Brent futures and US WTI crude prices continue to rise or decline again? Iran war, Strait of Hormuz disruption and falling oil stockpiles drive market

Why are oil prices up today, and will Brent futures and US WTI crude prices continue to rise or decline again? Oil prices moved higher and reached a one-week high as traders watched developments surrounding Iran and the United States. Concerns over the Strait of Hormuz, lower global oil inventories,…

The Economic Times

Former council worker faces eviction despite being promised 'housing for life'

John Card, an elderly army veteran who worked as a caretaker at Kingsbury Primary School for 28 years, is facing eviction

Evening Standard

Strong cues from GIFT Nifty point to positive start for D-Street

Indian stock markets are set for a wider trading range ahead. High Brent crude prices and a falling rupee are key concerns for investors. Foreign institutional investor outflows are expected to limit market gains. The final phase of the Q4FY26 earnings season and specific policy support will offer stock and…

The Economic Times

What Does Brent's Basis Market Tell Us?

My reads on real market fundamentals in crude oil indicate there is indeed a short-term supply scare in place.

Barchart

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Oil Prices Crash: Brent Crude Drops Below $100 As Trump Teases 'Bombshell' Iran Peace Deal

Brent crude briefly slipped below $100 a barrel after Donald Trump claimed a 'bombshell' peace deal with Iran was within reach and Tehran signalled limited safe passage through the Strait of Hormuz.

International Business Times UK

Oil Prices Plunge 13% as Donald Trump Delays Threat to 'Obliterate' Iran Power Plants

Donald Trump stepped back from his threat to destroy Iran's power plants on Monday, announcing a five‑day postponement of planned military strikes after reporting constructive diplomatic talks with Tehran. The announcement sent Brent crude falling sharply, offering global markets a rare moment of relief as the month‑long conflict showed its…

International Business Times UK

South Pars, Ras Laffan & more: Which energy sites have been hit so far in Iran war?

Qatar condemned what it called a “brutal Iranian attack targeting Ras Laffan,” saying it posed a direct threat to national security. The foreign ministry also warned that “Targeting energy infrastructure constitutes a threat to global energy security, to the peoples of the region, and to its environment.” As missile and…

The Times of India

London theatre takes legal action as it faces huge rent hike by council

Local authority claims community theatre has been ‘shielded’ from rising costs for ‘many years’

Evening Standard

Oil At $110? Goldman Flags Major Risk If Iran Disrupts Strait Of Hormuz Shipping

Fears of a major oil supply shock are mounting as tensions escalate in the Strait of Hormuz, a vital artery for nearly 20% of global crude shipments, with Wall Street racing to assess the potential price impact after the U.S. struck Iran over the weekend.

Benzinga

Dow futures reverse higher and oil prices pare gains as escalating Israel-Iran conflict targets critical energy assets

U.S. oil prices climbed 1.1% to $73.79 per barrel, and Brent crude rose 1% to $74.94.

Fortune

Rental price growth falls across London while national slowdown reaches four-year low

London rents rose by 1.5 per cent between April 2024 and April 2025 — a marked slowdown on growth in the previous year

Evening Standard

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Evening Standard

'Despicable and dangerous': Chauffeur hits out at state of London's pothole-ridden roads after car damage

Andy Sozos lost a day’s pay after a pothole damaged his Mercedes

The Guardian - UK

Lady Howarth of Breckland obituary

Social services director, chief executive of Childline and one of the first ‘people’s peers’

Evening Standard

Brent Council pays out nearly £600,000 in pothole and pavement injury claims

The highest annual pay out came between 2020 and 2021, when the council settled 16 claims totalling more than £200,000

The Independent UK

London borough on brink of banning Lime bikes for causing ‘havoc’ on roads

‘We are out of road for its activities in Brent’, council says

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The Guardian - UK

Leonard Johnson obituary

Other lives: Brent youth leader and driving force behind Bridge Park, one of the largest black community projects in Europe

Evening Standard

Landlord who packed 40 tenants in four-bed Wembley home given first ever Brent Council banning order

He was fined five years ago after council officers found dozens of people crammed into an unsafe four-bedroom home

Barchart

No Surprise as OPEC+ Trims Production

OPEC, the international oil cartel, meets twice yearly in a formal gathering in Vienna, Austria. The members convene to debate and decide on petroleum production policy for the coming months to balance supply and demand at a price that delivers the most attractive return for oil-producing countries and traditional energy…

Barchart

OPEC+ -- No Surprise as the Cartel Trims Production

The Guardian - AU

Russia-Ukraine war: ‘no indication’ of direct military threat to Moldova or Romania, says US – as it happened

Comments from US come after missiles reported in Moldovan and Romanian airspace

Bangkok Post

The looming ban on Russian crude

Crude oil prices are engaged in a tussle between fears of a recession-led demand decline and ongoing supply tightness, with risks to demand currently edging ahead.

The Guardian - UK

Felixstowe port disruption ‘could continue until Christmas’ says union – as it happened

Disruption at the UK’s largest container port could escalate until Christmas unless workers are given an improved pay offer, Unite boss says

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