generally refers to the spot price of a barrel of benchmark crude oil—a reference price for buyers and sellers of crude oil
BRICS Foreign Ministers meet in India as Iran war, oil prices, internal divisions test bloc’s unity
thehindu.com/news/international/brics-foreign-ministers-meet-in-india-as-iran-war-oil-prices-internal-divisions-test-blocs-unity/article70977220.ece
Rupee hits lowest-ever intraday level of 95.80 against U.S. dollar: The rupee falls to a record low of 95.80 against the dollar amid rising crude prices and ...
thehindu.com/business/markets/rupee-hits-lowest-ever-intraday-level-of-9580-against-us-dollar/article70973842.ece
Key FactsRupee Drops Amid Rising Crude and Trade Risks
19 hours ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: thehindu.com
Summary created with AI assistance · Source: thehindu.com
- The rupee declined to an intraday low of 95.80 against the U.S. dollar on May 13, marking its fourth consecutive session of depreciation.
- The government raised import duties on gold and silver from 6% to 15% to ease pressure on foreign exchange reserves, but demand for the dollar remains strong.
- Elevated crude oil prices and Middle East tensions have increased global risk aversion, prompting foreign investor outflows.
- Despite the rupee's fall, domestic stock indices rose modestly, while retail inflation reached 3.48% in April, driven by higher jewelry and food prices.
Stalemate between the U.S. and Iran on peace talks has led to risk aversion in global markets. A strong dollar and FII outflows too pressurised the rupee, he said and projected the USD-INR spot price to trade "in a range of ₹95.45 to ₹96.15".— Anuj Choudhary, Research Analyst at Mirae Asset ShareKhan, commenting on rupee weakness amid rising crude prices and geopolitical risk.
High oil prices could turn $9.4B Alberta deficit into $6B surplus: report: A new report on the Alberta economy suggests the province is continuing to lead the ...
ctvnews.ca/calgary/article/high-oil-prices-could-turn-94b-alberta-deficit-into-6b-surplus-report/
Producer prices shot up 6%, adding pressure on companies to hike prices for struggling customers
pbs.org/newshour/economy/producer-prices-shot-up-6-adding-pressure-on-companies-to-hike-prices-for-struggling-customers
Fuel price shock not the worst SA has seen yet – by far: According to data compiled by Statistics SA, the worst petrol price increase ever was in January 1985 ...
news24.com/business/economy/fuel-price-shock-not-the-worst-sa-has-seen-yet-by-far-20260512-1096
Second Japan-linked oil tanker passes Hormuz strait | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/16564146
New SARS boss issues warning to his first targets, and Andre de Ruyter’s nightmare coming true
businesstech.co.za/news/5-things/860342/new-sars-boss-issues-warning-to-his-first-targets-and-andre-de-ruyters-nightmare-coming-true/
Rupee hurtles toward 96 per dollar: Oil shocks and $22 billion FII outflow trigger sharp fall to record lows
financialexpress.com/market/rupee-hurtles-toward-96-per-dollar-oil-shocks-and-22-billion-fii-outflow-trigger-sharp-fall-to-record-lows-4240424/
Expensive Gasoline, Expensive Diesel: Germany’s Neighbor Extends Fuel Tax Rebate: The Polish government is maintaining the VAT reduction on fuel ...
schwaebische.de/politik/teures-benzin-teurer-diesel-deutsches-nachbarland-verlaengert-steuerrabatt-auf-sprit-4572896
Support program announced for fisheries sector: Rural Development and Food Minister Margaritis Schinas has announced a new €16 million support program for the ...
ekathimerini.com/economy/1303751/support-program-announced-for-fisheries-sector/
IEA warns: Oil reserves are shrinking at a record pace: The respite for oil prices appears to have been only temporary. Is new trouble brewing at the gas ...
faz.net/aktuell/finanzen/iea-warnt-oelreserven-schrumpfen-in-rekordtempo-accg-200828681.html
Iran war's full impact on US grocery prices may take months to appear: Americans paid more for their groceries in April, but high gas prices were only one of the ...
apnews.com/article/consumer-prices-food-groceries-war-fuel-f5e442ef60858c96a2fc4b4ee9e18780
Trump proposes suspending the gasoline tax to avoid a political crisis over fuel prices
english.elpais.com/economy-and-business/2026-05-13/trump-proposes-suspending-the-gasoline-tax-to-avoid-a-political-crisis-over-fuel-prices.html
The world lost nearly 1 billion barrels in oil supply over the past 75 days. Why investors aren’t worrying enough.
marketwatch.com/story/the-world-lost-nearly-1-billion-barrels-in-oil-supply-over-the-past-75-days-why-investors-arent-worrying-enough-5a777ae0
Paid articlePaywall
US inflation jumps to 3.8% as energy costs surge from Iran war: The key measure of US inflation rises its highest level since May 2023 as consumers feel the ...
bbc.com/news/articles/c202pgxx89lo
Is your gilt fund reflecting low returns? Understand how rising yields impact bond prices and gilt fund returns | Business News
hindustantimes.com/business/is-your-gilt-fund-reflecting-low-returns-understand-how-rising-yields-impact-bond-prices-and-gilt-fund-returns-101778735164171.html
Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"
cnbc.com/2026/05/13/oil-price-spike-turmoil-iea-iran-war.html
Donald Trump predicts a “gusher of oil like you’ve never had before,” saying he initially expected oil prices to rise much higher than they have.
Air India says to cancel 400 flights ever month amid rising fuel prices and aviation restrictions in West Asia
wionews.com/india-news/air-india-says-to-cancel-400-flights-ever-month-amid-rising-fuel-prices-and-aviation-restrictions-in-west-asia-1778734123434
Feds consider declaring new Alberta oil pipeline to be in 'national interest' this fall
nationalpost.com/news/politics/feds-eye-giving-alberta-pipeline-national-interest-designation-this-fall
This Is Where Inflation Is Biting the Hardest for Americans: These household products have risen the most dramatically due to inflation caused by the war in Iran ...
time.com/article/2026/05/13/inflation-gas-prices-food-tariffs-trump/
Rupee falls 20 paise to all-time low of 95.86 against US dollar in early trade: Rupee Against US Dollar: The Indian rupee hit a record low of 95 ...
deccanherald.com/business/markets/rupee-falls-20-paise-to-all-time-low-of-9586-against-us-dollar-in-early-trade-4002340
Oil edges up as investors focus on Trump-Xi meeting in Beijing: Oil prices edged up on Thursday, with market participants focused on the meeting between U.S ...
reuters.com/business/energy/oil-edges-up-ahead-trump-xi-meeting-beijing-2026-05-14/
Key FactsTrump and Xi Align on Hormuz Strait Control
in 1 hours · Reading time: ~30 sec.
Summary created with AI assistance · Source: n-tv.de
Summary created with AI assistance · Source: n-tv.de
- Trump and Xi agreed in Beijing that the Hormuz Strait must stay open and Iran should not charge tolls for its use.
- China expressed interest in increasing its purchases of US oil to lessen dependence on oil transported through the strait.
- Both leaders opposed Iran acquiring nuclear weapons and supported free energy flow.
- The Taiwan issue was omitted from the US record, but Xi warned of tensions if mishandled.
U.S. grocery prices rose in April, but gas spikes weren't the only reason: Americans paid more for their groceries last month, but high gasoline prices ...
pbs.org/newshour/economy/u-s-grocery-prices-rose-in-april-but-gas-spikes-werent-the-only-reason
As the escalating Iran conflict pushes global oil prices higher, Americans are increasingly feeling the economic impact through rising gas prices ... Show more
Trump says he doesn’t think about Americans’ financial pain amid Iran war, defends oil shock
Trump says he doesn’t think about Americans’ financial pain amid Iran war, defends oil shock
Over 96% of gas stations freeze gasoline prices under price cap system: ministry: More than 96 percent of gas stations nationwide have kept gasoline prices ...
koreatimes.co.kr/economy/20260514/over-96-of-gas-stations-freeze-gasoline-prices-under-price-cap-system-ministry
Russia has reassured India that it will continue doing its “utmost” to maintain stable oil supplies despite rising geopolitical tensions and growing ... Show more
‘Will do our utmost’: Lavrov assures India on Russian oil supplies, says US wants to ‘seize all energy routes’
‘Will do our utmost’: Lavrov assures India on Russian oil supplies, says US wants to ‘seize all energy routes’
Trump says no need for China's help on Iran as shippers seek way through Hormuz: U.S. President Donald Trump has said he does not expect to need China's help to ...
reuters.com/world/china/trump-heads-china-says-no-need-xis-help-iran-war-2026-05-13/
Air India to cut international flights amid airspace restrictions, high fuel costs
khaleejtimes.com/business/aviation/air-india-cut-international-flights-airspace-restrictions-high-fuel-costs
Fuel price surge hits transport fund, project delays feared: The fuel crisis has reduced revenue for the National Land Transport Fund – with a signalled decision ...
1news.co.nz/2026/05/14/fuel-price-surge-hits-transport-fund-project-delays-feared/
Tomatoes, seafood and more: Why are these grocery prices soaring?: A historic oil shock has driven up supply chain costs, some analysts said.
abcnews.com/Business/tomatoes-seafood-grocery-prices-soaring/story
Trump says he’ll suspend federal gas tax to help address high fuel prices due to Iran war - The Boston Globe
bostonglobe.com/2026/05/11/world/iran-us-war/
Key FactsTrump Pushes to Halt Federal Gas Tax Temporarily
2 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: thedailybeast.com
Summary created with AI assistance · Source: thedailybeast.com
- President Trump advocates temporarily suspending the 18.4-cent federal gas tax to ease rising fuel expenses.
- The proposal faces significant challenges in a deeply divided Congress despite support from some Republican lawmakers.
- National average gas prices have surged to $4.47 per gallon, with expectations of further increases soon.
- Democrats have introduced similar tax suspension bills aimed at providing relief and safeguarding infrastructure funding.
As soon as it's over, you're going to see gasoline and oil drop like a rock. It's going to be dropping down like a rock.— Trump said in the Oval Office, during remarks about suspending the federal gas tax.
David Rosenberg: "US stocks have extremely rarely been this expensive": Signs of overvaluation are increasing on the tech stock exchanges in the USA ...
themarket.ch/makro-maerkte/us-aktien-waren-nur-aeusserst-selten-derart-teuer-wie-heute-ld.16739
Carney’s Pivot From US Is Dependent on High Gold, Oil Prices
bloomberg.com/news/articles/2026-05-13/carney-s-trade-push-beyond-the-us-is-just-a-gold-rush-for-now
Paid articlePaywall
Ottawa, Alberta near deal on carbon pricing rising to $130/tonne by 2040: The federal government and the Alberta government are nailing down a deal on industrial ...
cbc.ca/news/politics/alberta-mou-carbon-pricing-9.7197919
Japan refinery runs climb to over 70% on alternative supply, stockpile releases: Japanese refineries increased their oil processing to over 70% of their ...
reuters.com/business/energy/japan-refinery-runs-climb-over-70-alternative-supply-stockpile-releases-2026-05-13/
JPMorgan pulls no punches on Strait of Hormuz, oil prices: JPMorgan warns Brent crude could hit $120 to $150 as Hormuz disruptions drain global inventories ...
thestreet.com/investing/stocks/jpmorgan-pulls-no-punches-on-strait-of-hormuz-oil-prices
Social Security recipients could get a nearly 4% cost-of-living adjustment, forecasters say
cbsnews.com/news/social-security-2027-cola-inflation-retirees/
U.S. stock futures slipped late Monday while oil prices moved higher as tensions between Washington and Tehran continued to rattle markets ... Show more
South African consumers are tightening their wallets as rising fuel costs drive up living expenses and reshape spending habits ... Show more
How rising fuel costs are impacting South African consumer spending
How rising fuel costs are impacting South African consumer spending
Is inflation heading to 6%? Probably not — but it will get worse before it gets better.
marketwatch.com/story/is-inflation-heading-to-6-probably-not-but-it-will-get-worse-before-it-gets-better-01ba58b0
Paid articlePaywall
New registrations of electric cars reached a record high in April. The Iran war and high fuel prices are accelerating this development ... Show more
One in four new cars in Switzerland is purely electric
One in four new cars in Switzerland is purely electric
Grocery prices jumped more in April than in nearly four years: After warnings that the Iran war would drive up U.S. food prices, new data shows that “Food at ...
nbcnews.com/business/consumer/grocery-prices-jumped-april-iran-war-gas-rcna344762
Questions about Trump's biggest boast of the war:
9news.com.au/world/us-israel-iran-war-live-updates-may-13-donald-trump-latest-world-news-headlines/98f78294-e423-47a6-a7d0-023934dd833f
Suspending federal gas tax wouldn’t save drivers as much as they might hope - Salon.com
salon.com/2026/05/13/suspending-federal-gas-tax-wouldnt-save-drivers-as-much-as-they-might-hope-partner/
'I don't think about Americans' financial situation': Donald Trump: Donald Trump has brushed off the financial concerns of American voters when asked about his ...
9news.com.au/world/donald-trump-american-financial-situation-iran-usa-politics-news/461a3ba6-1091-439b-84ba-219d4d381e10
Key FactsTrump Dismisses Economic Impact of Iran Conflict
22 hours ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: time.com
Summary created with AI assistance · Source: time.com
- President Trump stated that Americans’ financial hardships do not influence his approach to the Iran war.
- Pentagon officials reported that war expenditures have increased to approximately $29 billion, impacting taxpayers significantly.
- The ongoing conflict has caused ammunition shortages and prompted a 40% budget increase request for defense spending.
- Despite the toll, Trump insists the military actions are crucial to preventing Iran from obtaining nuclear weapons.
I don’t think about Americans’ financial situation. I don’t think about anybody. I think about one thing: We cannot let Iran have a nuclear weapon. That’s all.— Donald Trump; remarks to reporters on the White House South Lawn before departing to meet with Chinese President Xi Jinping in Beijing
Vikram Solar: JM Financial recommends ‘Sell’ as margins shrink to 16%; Is the 15GW expansion enough?
financialexpress.com/market/vikram-solar-jm-financial-recommends-sell-as-margins-shrink-to-16-is-the-15gw-expansion-enough-4239595/
Ukraine Drone Strike Halts Russia’s Perm Oil Refinery Deep in Urals: According to industry sources, three primary crude distillation units were taken offline ...
kyivpost.com/post/76052
Trump says he doesn’t think about Americans’ financial pain amid Iran war, defends oil shock
wionews.com/world/trump-iran-war-americans-financial-pain-oil-prices-inflation-1778668342146
Inflation could hit 4% next month and stay elevated for rest of year, economist warns
pbs.org/newshour/show/inflation-could-hit-4-next-month-and-stay-elevated-for-rest-of-year-economist-warns
Snack giant Calbee switches to black and white packaging as Iran war hits ink supplies
bbc.com/news/articles/c78k405j8pdo
Vibrant Japanese snack packages are turning black-and-white as Iran war depletes ink supply
theglobeandmail.com/business/international-business/asia-pacific-business/article-vibrant-japanese-snack-packages-are-turning-black-and-white-as-iran/
EWN 23h
Taxi operators call for urgent relief as fuel prices rocket: On 6 May, petrol increased by R3.27 per litre and diesel by R5.27 per litre.
ewn.co.za/2026/05/13/taxi-operators-call-for-urgent-relief-as-fuel-prices-rocket
The global oil crisis is proving the case for sustainable aviation: Rising oil prices have set the stage for sustainable aviation fuels. Are airlines ready for ...
f-st.co/dxX4l4u
businesstech.co.za May 13
South Africans are getting crushed: The latest PayInc Economic Index showed a marked decline in April 2026, signalling the mounting pressure on South African ...
businesstech.co.za/news/finance/860273/south-africans-are-getting-crushed/
India races to shield economy from Iran war-driven oil shock, capital stress: A sustained spike in energy prices triggered by the Iran war has clouded India's ...
reuters.com/business/energy/india-races-shield-economy-iran-war-driven-oil-shock-capital-stress-2026-05-13/
Oil-price bets ahead of Iran war news totaled $7 billion, reporting shows: The well-timed trades have triggered calls from legal experts and lawmakers for ...
omaha.com/news/nation-world/government-politics/article_b5992162-c95a-5cd8-8154-bc57466abaae.html
Oil crisis as an opportunity: China is selling the world the green alternative.: China's solar exports doubled in March - | and this is just the beginning of ...
telepolis.de/article/Iran-Krieg-als-Turbo-China-flutet-die-Welt-mit-Clean-Tech-11291676.html
