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The Business Standard

Wednesday
July 01, 2026

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WEDNESDAY, JULY 01, 2026

Oil

Oil

Representational image. Photo: Reuters

Oil climbs following renewed US, Iran strikes in Middle East

Brent crude futures climbed 58 cents, or 0.8%, to $72.57 a barrel at 0207 GMT ​while US West Texas Intermediate crude was at $70.11 a barrel, up 88 cents, or ​1.3%.

Secret Service police members walk down the stairs at Buergenstock Resort Lake Lucerne on the day of talks between the US, Iran, Pakistan, and Qatar at the Lake Lucerne Summit, aimed at advancing a deal to end the Middle East conflict, near Stansstad, Switzerland, June 21, 2026. Photo: REUTERS/Nathan Howard/Pool

Oil slips after US-Iran conclude talks in Switzerland

Representational image. Photo: Reuters

Oil falls as supply starts moving through Strait of Hormuz

US President Donald Trump. Photo: Reuters

US may soon reimpose sanctions on Russian oil once Hormuz reopens: Trump

Photo: Collected

Budget FY27: Govt may offer tax breaks for edible oil production, remove regulatory duty on spices and dates

Finance Minister Amir Khosru Mahmud Chowdhury. Photo: Screengrab

Mideast tensions may lead to Tk42,600cr in extra subsidies this fiscal year: Khosru

Representational image of a flare stack at a gas field. Photo: Collected

Govt plans to drill, rework 58 wells by 2031 to bolster energy security, minister tells parliament

Photo: Courtesy

World's 'largest energy shock' may affect markets into 2027: Saudi Aramco CEO

Representational image: Collage/BSS

Govt approves draft offshore PSC to boost oil, gas exploration

File Photo: Reuters

Oil prices plunge after reports of deal to end Iran war

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. Photo: REUTERS

Iraq sends first oil convoy to Syria through al-Yarubiyah in 14 years

File photo of bottled soybean oil at a grocery store/Collected

Soybean oil price raised by Tk4, reaching Tk199 per litre

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. Photo: REUTERS

Chips carry stocks higher; oil jumps on stalled peace talks

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