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Oil Prices Swing Sharply on US Strikes in Iran as Strait of Hormuz Tensions Escalate

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Oil Prices Plunge Below $95 as US-Iran Ceasefire Sparks Relief

LONDON — Global oil benchmarks showed sharp and divergent movements Tuesday as fresh US military strikes in southern Iran reignited fears over supply disruptions through the Strait of Hormuz, even as diplomatic efforts for a potential peace deal continued in the background.

Brent crude, the international benchmark, rose 2.95% to $98.98 per barrel, reflecting renewed risk premiums tied to potential threats to shipping lanes. In contrast, West Texas Intermediate crude fell 4.29% to $92.46 per barrel, highlighting market uncertainty and differing interpretations of the latest geopolitical developments.

The volatility underscores how sensitive energy markets remain to events in the Middle East. The Strait of Hormuz, a narrow chokepoint through which roughly 20% of the world’s petroleum supply passes, has become a focal point for investors monitoring both military actions and diplomatic signals.

Analysts said the mixed price action reflects conflicting forces: immediate concerns over possible Iranian retaliation or shipping disruptions following US strikes, tempered by hopes that ongoing negotiations could lead to de-escalation and reopening of key routes.

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The US military confirmed it conducted self-defense strikes in southern Iran, injecting fresh uncertainty into already fragile energy markets. This development reversed some of the earlier optimism that had driven prices below $100 per barrel on expectations of a diplomatic breakthrough.

Market participants are closely watching developments around US-Iran peace negotiations. Optimism about a potential agreement had previously eased prices, but military friction has kept supply expectations uncertain and risk premiums elevated.

Other benchmarks reflected similar volatility. The OPEC Basket fell 1.72% to $113.44 per barrel, while Urals oil dropped 4.92% to $96.32. RBOB gasoline declined 3.39% to $3.34 per gallon, and heating oil slipped 2.66% to $3.78 per gallon.

Energy strategists noted that the divergent movements between Brent and WTI highlight regional differences in supply concerns and refining dynamics. Brent’s rise points to global supply risks, while WTI’s decline may reflect ample US domestic production and storage levels.

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The latest flare-up comes amid broader efforts to stabilize the region. Diplomatic sources have indicated that talks between Washington and Tehran are ongoing, though progress remains fragile. Any agreement that secures safe passage through the Strait of Hormuz could significantly ease pressure on global energy prices.

Oil traders said the market is pricing in a range of scenarios, from limited military exchanges to more prolonged disruptions. The possibility of Iranian-backed groups targeting shipping has added another layer of complexity to already volatile trading conditions.

Major consumers like Europe, Asia and the United States are monitoring the situation closely. Higher energy costs could exacerbate inflation concerns and slow economic growth if the tensions persist.

The energy sector’s reaction has rippled through global financial markets. Shares in major oil companies showed mixed performance, with some gaining on higher prices while others faced pressure from broader risk aversion.

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Analysts warn that sustained disruption in the Strait of Hormuz could push Brent crude well above $110 per barrel. Conversely, a successful diplomatic resolution could see prices retreat quickly toward the $80-85 range.

The current volatility echoes previous periods of Middle East tension that have historically triggered sharp moves in commodity markets. However, today’s energy landscape differs due to higher global spare capacity and the rapid growth of renewable energy sources, which provide some buffer against prolonged shocks.

US strategic petroleum reserves and increased domestic production have also helped moderate some of the price spikes. Nevertheless, the psychological impact of potential supply disruptions continues to influence trading decisions.

For consumers, the latest price swings may soon translate into higher costs at the pump and for heating. Airlines and shipping companies are already adjusting fuel surcharges in response to the uncertainty.

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Emerging markets with high energy import dependence face particular risks. Countries in Asia and Africa could see increased pressure on budgets and inflation if oil prices remain elevated for an extended period.

The International Energy Agency and OPEC continue monitoring the situation. Both organizations have emphasized the importance of maintaining stable oil flows through critical chokepoints like the Strait of Hormuz.

Market participants expect continued volatility in the coming days as developments unfold. Diplomatic updates, military statements and shipping data will be closely watched for signals about potential supply impacts.

The current environment highlights the delicate balance between geopolitical risks and economic realities. While short-term price spikes grab headlines, longer-term trends toward energy diversification and renewable adoption may eventually reduce the world’s vulnerability to such events.

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For now, traders remain on edge as they assess the latest chapter in long-running tensions between the United States and Iran. The coming weeks could prove decisive in determining whether current price levels represent a temporary spike or the beginning of a more sustained period of elevated energy costs.

As markets digest the latest developments, the focus remains on the narrow waterway that carries so much of the world’s oil. Any escalation or resolution there will likely set the tone for energy prices through the remainder of 2026.

The mixed movements in benchmarks today serve as a reminder of oil’s enduring role as a geopolitical barometer. Even as the world transitions toward cleaner energy, events in key producing regions continue to send ripples through global economies.

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Thailand and France Elevate Ties to Strategic Partnership

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Thailand and France Elevate Ties to Strategic Partnership

Thailand and France are advancing their bilateral relations by deepening cooperation across multiple sectors. This enhanced partnership aims to boost economic ties, cultural exchanges, and strategic collaboration. Strengthening diplomatic relations, both nations are committed to addressing global challenges together while fostering mutual growth and understanding, marking a significant step in their collaborative efforts.


Thailand and France Strengthen Relationship to Strategic Partnership

Thailand and France have elevated their bilateral relationship to a strategic partnership, marking a significant milestone in diplomatic relations. This move is expected to enhance cooperation in various sectors, including trade, technology, and defense. Both nations aim to leverage their unique strengths to foster economic growth and regional stability.

This strategic partnership underscores the commitment of Thailand and France to address global challenges collaboratively. Emphasizing sustainable development, the partnership plans to focus on climate change initiatives and cultural exchange programs, enriching the social and environmental landscapes of both countries. The collaboration promises to create a robust platform for knowledge sharing and innovation enhancement.

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Ultimately, the strengthened ties between Thailand and France hold promise for a thriving future, with mutual benefits transcending bilateral boundaries. This partnership is poised to positively impact regional dynamics, positioning both nations as key players in international relations.

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Thailand called to oversee thriving 45-billion-baht influencer market

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Thailand called to oversee thriving 45-billion-baht influencer market

The influencer economy is booming globally and in Thailand. AI is driving growth, but concerns exist regarding platform dependence and the need for stronger standards and fairer rules to ensure competitiveness and protect consumers.


Key Points

  • The global influencer economy is booming, projected to reach $607 billion by 2032, driven by AI’s efficiency gains. Thailand’s market is also growing, particularly in food, beverage, fashion, and beauty, but faces platform dependence concerns.
  • Major markets like China, the US, and South Korea are balancing industry promotion with regulations, addressing issues like fake engagement, AI content, and disclosure. This ensures a healthier, more competitive environment.
  • Thailand requires stronger standards and fairer rules for its influencer ecosystem. Proposed measures include quality certifications, enhanced promotion, skills development, accessible governance, equitable platform dealings, and support for market expansion to boost global competitiveness.

Global Influencer Economy’s Rapid Expansion

The global influencer economy is experiencing explosive growth, evolving from simple online content into a complex commercial ecosystem. This sector now encompasses advertising, e-commerce, brand promotion, digital services, and consumer engagement. Projections estimate the global influencer economy was valued at US$43.9 billion in 2023, with an anticipated average annual growth of 33.9% leading to a projected US$607 billion by 2032. Influencer marketing, specifically, was valued at US$32.6 billion in 2025 and is expected to surge at an impressive 51.9% annual growth rate through 2032. Artificial intelligence is a significant catalyst, reducing barriers to entry and enhancing content creation efficiency, contributing to the rise of an estimated 127 million influencers worldwide in 2025.


Thailand’s Influencer Market Dynamics and Regulatory Approaches

Thailand’s influencer market is also exhibiting robust growth, projected to increase by 15–20% annually from 2025 to 2029, with the food/beverage and fashion/beauty sectors being dominant users. However, a critical concern is the heavy concentration of influencer marketing on TikTok, which accounts for a substantial 66% of activity, raising issues of platform dependence and power imbalances. In contrast, countries like China, the US, and South Korea are actively managing their influencer economies through a dual approach of promotion and regulation. China focuses on shared responsibility for online content and professional skill development, while the US targets misleading practices like fake followers and AI-generated content, alongside antitrust enforcement and foreign interference prevention.

Recommendations for Thailand’s Influencer Ecosystem

While Thailand possesses existing policy frameworks that support the influencer economy, further enhancements are crucial for a more robust, equitable, and competitive sector. Recommendations include establishing quality certification systems for influencers, more effective promotion of the influencer economy, and investing in professional skill development for creators. Furthermore, developing accessible content governance mechanisms, promoting fairness across platforms and service fees, and supporting domestic and international market expansion for Thai influencers are vital. Implementing these measures will foster an influencer economy characterized by clear standards and enhanced global competitiveness.

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BOJ’s Ueda warns of potential for temporary energy shock to become persistent

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BOJ’s Ueda warns of potential for temporary energy shock to become persistent


BOJ’s Ueda warns of potential for temporary energy shock to become persistent

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Councillors back down over travel allowances

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Councillors back down over travel allowances

The City of Perth council has voted to dump planned changes to travel, accommodation and hospitality allowances in the wake of harsh criticism from the state government.

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Selena Gomez Reportedly Upset Over Benny Blanco’s Comments on Her ‘Terrible’ Diet

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Selena Gomez

LOS ANGELES — Selena Gomez is reportedly “seething” after her husband, Benny Blanco, publicly described her diet as that of a “5-year-old” during an appearance on Gwyneth Paltrow’s Goop Podcast, according to sources close to the singer.

The comments, made earlier this month, have struck a sensitive chord with Gomez, who has been open about her long-term health struggles with lupus, including a kidney transplant in 2017 and the side effects of medications that cause weight fluctuations. An insider told OK Magazine that Gomez felt “blindsided” by her husband’s remarks.

“Selena is seething over the comments made by Benny,” the source said. “She tried to avoid critics who had been dissecting her body, her health, and what she ate.”

Blanco, a music producer, told Paltrow that Gomez prefers “whatever is bad for your diet,” specifically mentioning her love for burgers and fries while noting that she dislikes vegetables and fruits. The lighthearted tone of the podcast conversation appeared to land differently with Gomez, given her medical history.

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The couple, who married in September 2025, had recently appeared to quash earlier rumors of marital issues when Gomez shared a wholesome Instagram carousel in April 2026. Monday’s reports mark the first public indication of tension since their wedding.

Gomez first revealed her lupus diagnosis in a 2015 Billboard interview. She told the magazine she had undergone chemotherapy and temporarily halted her career to focus on treatment after learning she could have suffered a stroke. In a 2016 People interview, she discussed how anxiety, panic attacks and depression can stem from the autoimmune disease.

During a 2017 appearance on the “Today” show with Savannah Guthrie, Gomez spoke candidly about pushing through symptoms. “I would get fevers, headaches. I would get fatigue. But I always just kept going,” she said. “I kind of ignored it, to be honest. I don’t think I made the right decisions because I didn’t accept them. And that’s extremely selfish, and at the same time, really just unnecessary. I’m not really proud of that.”

In 2017, Gomez received a kidney transplant from her close friend Francia Raisa. She shared the news on Instagram, writing that the transplant was necessary for her overall health. “There aren’t words to describe how I can possibly thank my beautiful friend Francia Raisa,” Gomez posted at the time. “She gave me the ultimate gift and sacrifice by donating her kidney to me. I am incredibly blessed. I love you so much, sis.”

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Blanco’s podcast comments come at a time when Gomez has been focusing on her mental health advocacy and career. The 33-year-old singer and actress has been vocal about the importance of self-acceptance and has worked to reduce public scrutiny over her appearance and eating habits.

Representatives for Gomez and Blanco did not immediately respond to requests for comment on the reported reaction.

The couple’s relationship has been closely followed since they began dating in 2023. Their wedding last year was described as an intimate celebration surrounded by close friends and family. Gomez has credited Blanco with providing stability and understanding regarding her health challenges. In an October 2025 interview, she highlighted his supportive role in her mental health journey.

Public reaction to the latest reports has been mixed. Some fans expressed concern for Gomez, citing her past battles with body image issues and the pressures of living in the spotlight. Others viewed Blanco’s comments as casual banter between spouses that was taken out of context.

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Nutritionists and lupus advocates noted that dietary management can be complex for patients with autoimmune conditions. Medications like steroids often cause significant weight changes, while certain foods can trigger inflammation or interact with treatments. Experts emphasize individualized approaches rather than strict “good” or “bad” food labels.

Gomez has used her platform in recent years to promote body positivity and mental wellness. Her Rare Beauty cosmetics line includes initiatives supporting mental health organizations, reflecting her commitment to issues beyond entertainment.

The reported discord arrives as both Gomez and Blanco continue thriving professionally. Gomez released new music and acted in recent projects, while Blanco has maintained a busy schedule as a producer working with major artists.

Marriage experts suggest that public comments about a partner’s personal habits can sometimes create unintended strain, particularly when one person has a history of public scrutiny. Communication and sensitivity around health-related topics often become important areas of focus for couples in the spotlight.

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As the story continues developing, observers will watch how the couple addresses the situation. Gomez has historically preferred handling personal matters privately while occasionally sharing selected moments with fans on social media.

The incident highlights broader conversations about celebrity relationships, the boundaries of public disclosure, and the lasting impact of chronic health conditions on daily life. For Gomez, who has rebuilt her career and personal life after significant challenges, maintaining control over her narrative remains important.

Wags and Walks, the rescue organization that recently helped Gomez adopt a 20-year-old tortoise named Teru, offered a separate positive story this week. The adoption was celebrated as another example of the singer opening her home to animals in need.

Despite the current reports, many fans continue expressing support for the couple, hoping any differences can be resolved privately. Gomez’s history of resilience suggests she will navigate this situation with the same strength she has shown facing previous obstacles.

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The entertainment industry often sees such moments spark temporary media attention before couples move forward. Whether this becomes a minor footnote or requires more public addressing remains to be seen.

As summer begins, both Gomez and Blanco have professional commitments on the horizon. How they balance personal dynamics with public personas will likely continue drawing interest from fans and media alike.

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Champion ethical hacker warns AI tools like Mythos could put her out of business

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Champion ethical hacker warns AI tools like Mythos could put her out of business

Chompie, one of the world’s tops ethical hackers, says AI like Claude Mythos will make it harder for people like her to compete.

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Wembanyama Faces Critical Test as Series Hangs in Balance

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Victor Wembanyama

OKLAHOMA CITY — The Western Conference finals shift back to Paycom Center on Tuesday night for a pivotal Game 5 with the series tied 2-2, as the San Antonio Spurs and Oklahoma City Thunder prepare for what could be a defining moment in both franchises’ seasons.

After the Spurs evened the series with a dominant 103-82 victory in Game 4 on Sunday in San Antonio, the road team has won every game so far. Now, the Thunder return home looking to regain control, while the Spurs aim to steal another victory on the road and move within one win of the NBA Finals.

Victor Wembanyama has been the story of the series. The 22-year-old French phenom delivered his most complete playoff performance yet in Game 4, recording 33 points, eight rebounds, five assists and three blocks. His ability to dominate both ends of the floor has given the Spurs a fighting chance against the top-seeded Thunder, the defending champions.

The Spurs lead the series in several key statistical categories, particularly defensive efficiency and points off turnovers. San Antonio forced 20 turnovers in Game 4 while holding Oklahoma City to just 82 points on 33% shooting. That defensive intensity will be tested again in Game 5 against Shai Gilgeous-Alexander and a Thunder team known for its pace and offensive versatility.

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Gilgeous-Alexander, the two-time MVP, has averaged strong numbers throughout the series but has been contained more effectively in recent games. Oklahoma City’s depth and home-court advantage make them dangerous, but injuries and fatigue have started to show as the series reaches this critical juncture.

For the Spurs, maintaining the defensive connections that limited the Thunder in Game 4 will be essential. Coach Mitch Johnson has emphasized discipline and collective effort, particularly in containing Oklahoma City’s transition game and perimeter shooting. The Spurs’ length, anchored by Wembanyama, has disrupted the Thunder’s rhythm, but executing away from home remains the primary challenge.

Wembanyama downplayed individual heroics after Game 4. He stressed team defense and consistency as the keys moving forward. The Spurs have shown resilience throughout the postseason, responding well after losses and maintaining focus in hostile environments.

Oklahoma City enters Game 5 with home-court advantage and the experience of being defending champions. Coach Mark Daigneault’s squad has been remarkably consistent all season, but the Spurs have exposed vulnerabilities, particularly in half-court defense and rebounding when Wembanyama is on the floor.

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The Thunder will likely adjust by increasing physicality and trying to draw Wembanyama away from the rim. How they handle the Spurs’ switching defense and secondary scoring from players like Devin Vassell, Stephon Castle and De’Aaron Fox will determine if they can reclaim the series lead.

Game 5 represents a classic playoff chess match. The Thunder need to regain their offensive flow and limit turnovers that plagued them in San Antonio. The Spurs must sustain their defensive intensity on the road while getting enough production from their supporting cast to complement Wembanyama’s dominance.

The series has lived up to expectations as a clash between two young, talented cores. Oklahoma City entered as favorites with superior regular-season record and championship experience, but San Antonio has proven it belongs on the same stage. The back-and-forth nature has showcased the future of the Western Conference.

Injuries have played a subtle but important role. Both teams have managed key absences, and fatigue becomes a bigger factor as the series extends. How each side adapts their rotations and manages energy in Game 5 could prove decisive.

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For San Antonio, advancing to the NBA Finals would represent a remarkable achievement in just the third year of the Wembanyama era. For Oklahoma City, a return trip to the Finals would validate their status as a dynasty in the making.

The atmosphere at Paycom Center is expected to be electric. Thunder fans have been vocal and supportive throughout the postseason, and they will look to create a hostile environment that disrupts the Spurs’ rhythm.

Wembanyama’s growth has been the most compelling storyline. In his third NBA season, he has elevated his game on the biggest stage, drawing comparisons to all-time greats for his two-way impact. His ability to guard multiple positions while stretching the floor offensively has created matchup nightmares for Oklahoma City.

The Thunder’s defensive schemes have evolved to meet the challenge, but containing Wembanyama while also accounting for San Antonio’s perimeter threats remains difficult. Gilgeous-Alexander’s ability to create his own shot will be crucial in countering the Spurs’ length.

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Both teams have shown championship-level poise at different moments. The Spurs’ response after Game 3 demonstrated mental toughness, while the Thunder’s resilience in earlier rounds highlighted their experience.

As Game 5 approaches, focus turns to adjustments. Small changes in defensive rotations, offensive sets and rebounding battles could swing the outcome. The winner of Game 5 will carry significant momentum into the remainder of the series.

The Western Conference finals have already provided memorable moments, from Wembanyama’s logo buzzer-beater in Game 4 to hard-fought battles in Oklahoma City. Game 5 promises more drama as two of the league’s brightest young cores battle for a chance at the championship.

For basketball fans, the series represents the best of the modern NBA — athleticism, skill, tactical sophistication and emerging superstars. Regardless of the outcome, the Western Conference will emerge stronger from this matchup.

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Tuesday night’s game carries championship implications. A Spurs victory would give them a 3-2 lead and put them one win away from the Finals. A Thunder win would restore home-court advantage and put Oklahoma City back in the driver’s seat.

As the teams prepare for what could be the most important game of the season so far, the basketball world will be watching. The series has exceeded expectations, and Game 5 has the potential to be its defining chapter.

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Chile’s SQM doubles Q1 net profit on higher lithium prices, but misses expectations

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Chile’s SQM doubles Q1 net profit on higher lithium prices, but misses expectations

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Ellington Credit Company 2026 Q4 – Results – Earnings Call Presentation (NYSE:EARN) 2026-05-26

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q4: 2026-05-19 Earnings Summary

EPS of $0.19 misses by $0.05

 | Revenue of $10.02M (8.31% Y/Y) misses by $1.92M

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Ungar appointed WA Cricket Foundation chair

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Ungar appointed WA Cricket Foundation chair

TSA Group chair Tim Ungar has been appointed chair of the WA Cricket Foundation, effective from June 1.

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