Oil

The U.S. Strategic Petroleum Reserve has dropped to its lowest level since 1982 following large drawdowns. The release of hundreds of millions of barrels over the past year, intended to curb gasoline prices, has left the emergency stockpile severely depleted, prompting debate over energy security and how quickly the reserve can be refilled.

Saudi Arabia has resumed oil exports through its East-West pipeline after completing repairs, according to sources cited by the Wall Street Journal. The pipeline, which carries crude across the kingdom to the Red Sea, is a key alternative route to the Strait of Hormuz. Details on the cause and duration of the repairs have not been disclosed.

Russia has started rationing fuel following a large-scale Ukrainian drone strike that hit oil and fuel infrastructure. Reports say Ukrainian long-range drone technology is outpacing Russian air defences, including jet-powered drones deployed by Moscow. The strikes have disrupted fuel supplies, prompting authorities to introduce restrictions, while observers highlight the growing effectiveness of Ukraine's drone campaign against Russian energy targets deep inside the country.

US Supreme Court Justice Samuel Alito has recused himself from a major climate case amid scrutiny over his holdings of oil company stock. The decision removes him from a closely watched case on climate regulation and reignites debate over the justices' financial disclosures and ethical standards at the nation's highest court.

US Supreme Court Justice Samuel Alito has recused himself from a case that could determine the fate of climate lawsuits against major oil companies. The case could lead to the dismissal of state and municipal suits seeking damages from oil firms over climate change harms. With Alito stepping aside, only eight justices will weigh the matter, raising the possibility of a split decision.

Stock markets dropped worldwide as geopolitical upheaval pushed investors toward safe-haven assets, sending oil prices and bond yields higher. The surge in volatility highlights how sensitive markets remain to escalating international tensions, with traders weighing the risk of prolonged disruption to energy supplies and broader economic fallout if the situation deteriorates further.

The Wall Street Journal reports that the Iran conflict is pushing up prices at US auto shops, with oil changes getting more expensive as crude and lubricant costs climb. The war's impact on global oil markets is filtering down to everyday consumers, adding to household expenses already strained by inflation.

British authorities are investigating whether Iran or Russia was behind a foiled attack near a military base used by United States forces in the United Kingdom. The probe examines possible state involvement in the plot, which was stopped before anyone was harmed. Officials have not detailed the nature of the attack or named any suspects, and it remains unclear what evidence prompted suspicion of foreign involvement.

Oil prices climbed as ceasefire negotiations between the United States and Iran reached a deadlock, with no breakthrough reported. Markets are reacting to the heightened uncertainty over the conflict, with traders pricing in the risk of prolonged tension in the region and potential disruption to oil supplies if diplomacy fails.

Asian currencies were consolidating in quiet trading, but analysts warned the region's currencies could come under pressure if oil prices keep climbing. Higher oil raises import costs for many Asian economies, widening trade deficits and weakening demand for local currencies. Market watchers are tracking energy prices as a key risk to the region's exchange rates in the near term.

US officials have warned that if Iran acquired nuclear weapons, no country could prevent it from dominating the Strait of Hormuz, the chokepoint through which a large share of the world's oil passes. The statement underscores Washington's argument that Iran must never be allowed to develop a nuclear arsenal, given Tehran's existing influence over Gulf shipping lanes.

The US dollar has climbed to near a two-month high against major currencies, supported by rising oil prices and higher US Treasury yields. Traders are positioning ahead of upcoming US jobs data, which could shape expectations for Federal Reserve interest rate policy and direction for the currency in the coming sessions.

An incident involving a ship has been reported in the Strait of Hormuz, the narrow waterway between Iran and Oman through which a large share of the world's oil passes. Details about the vessel, what happened, and whether anyone was harmed remain unclear. Any shipping trouble there draws immediate attention because of the route's importance to global energy supplies.

Donald Trump said the United States will ensure the Strait of Hormuz remains open and will not allow Iran to acquire a nuclear weapon. The statement comes amid heightened tensions in the Gulf, where the strategic waterway carries a large share of the world's oil shipments and Tehran has repeatedly threatened to close it in any confrontation with Washington.

US Treasury yields have climbed to new highs while oil prices continue to rise, according to Wall Street Journal markets coverage. The simultaneous moves in bond yields and crude suggest mounting pressure on borrowing costs and energy prices, a combination investors typically watch closely for signals about inflation, Federal Reserve policy and the broader economic outlook.

India's rupee is coming under renewed pressure as rising US Treasury yields and elevated oil prices strain the country's external balance. The Reserve Bank of India is reportedly defending the currency near the 96-per-dollar level, testing the central bank's reserves and its willingness to hold the line. Analysts are watching whether sustained dollar strength and India's import bill will force a shift in the RBI's currency stance.

A British air base has been identified as the site of a foiled terror plot, and reporting shows the same installation has been used by the U.S. Air Force to launch strikes against Iran. The dual role of the base is drawing attention to its strategic importance and its exposure as a potential target. Further details about the plot, those behind it, and the response from UK and US authorities have not yet been made public.

Kyiv Post examines whether Vladimir Putin prioritizes protecting Russian oil refineries from Ukrainian drone attacks or continuing strikes against Ukraine. The question highlights the strategic dilemma posed by Ukraine's escalating campaign against Russian energy infrastructure, which has forced Russia to weigh air defense at home against offensive operations. The piece is drawing attention amid ongoing debates over the effectiveness of Ukraine's long-range strike strategy.

British police have reportedly thwarted a possible terror attack, according to news reports. Details about the location, suspects, or planned target have not been made public, and authorities have not confirmed the nature of the plot. The story is drawing attention as police operations against suspected terrorism in the UK continue to make headlines.

Gold prices fell on Monday, September 28, 2026, even as tensions involving Iran pushed oil prices higher, an unusual divergence since geopolitical risk typically lifts demand for gold as a safe haven. Traders are watching whether the pullback holds or if further escalation in the Middle East reverses the decline.

US Supreme Court Justice Samuel Alito has recused himself from the Suncor climate liability case, stepping away from a dispute over whether oil companies can be sued for climate-related damages. The recusal leaves eight justices to weigh the matter and raises questions about his reasoning, with commentators debating what it signals ahead of rulings on corporate accountability for climate change.

Oil prices reversed an early session rally amid speculation about diplomatic progress between the United States and Iran. Traders had bid crude higher before reports of possible talks weighed on the market, easing supply concerns and pulling prices back down. The move highlights how sensitive oil markets remain to any signal of easing or worsening tensions between Washington and Tehran.

Police have foiled an alleged terror threat targeting RAF Fairford, the Royal Air Force base in Gloucestershire, England, and an investigation is now underway to establish the full circumstances. Details about those involved and the nature of the threat have not yet been made public. The incident has drawn attention given the base's strategic role and its use by US forces.

European stock markets traded broadly flat, with gains among UK homebuilders offset by pressure from oil stocks and rising bond yields. Reuters reported that the opposing forces left major indices little changed. Investors are weighing rate expectations and energy sector weakness against a notable rally in British residential construction shares.

Hexagon Nutrition has introduced a new stable vitamin A formulation designed for food fortification programmes across Africa. The product aims to address vitamin A deficiency, a major public health problem on the continent, by withstanding harsh processing and storage conditions in staple foods such as flour and oil. Industry publication Nutraceutical Business Review reported the launch, highlighting its relevance for fortification suppliers and food manufacturers working in African markets.

Silver prices fell on Monday, September 28, 2026, as expectations of higher interest rates weighed on the precious metal. Rising oil prices added pressure, reinforcing inflation concerns and the likelihood that central banks could keep rates elevated for longer. Investors are watching how rate-sensitive assets like silver respond to the shifting outlook.

US Supreme Court Justice Samuel Alito will not hear a major case involving oil and gas interests, reportedly because of the potential impact on his personal investments in the industry. The decision raises fresh questions about justices' financial disclosure ethics, an issue that has repeatedly drawn scrutiny to Alito and the Court in recent years.

New reporting highlights how soil biology could help Canadian winter wheat farmers use nitrogen more sustainably. Researchers point to the role of soil microorganisms in naturally supporting nutrient availability, which could reduce reliance on synthetic fertiliser while maintaining yields. The topic matters as agriculture faces pressure to cut fertiliser emissions and input costs.