Latest Oil Market News and Analysis for Aug. 18

Bloomberg Markets Monday 17 August 2026, 22:01 UTC By Yongchang Chin 1 min read

Key Points

Oil ticked higher as prospects for a resolution of the US-Iran war receded, with President Donald Trump saying he’s not interested in extending an expiring agreement with Tehran.

Latest Oil Market News (ORG) US (LOCATION) Iran (LOCATION) Donald Trump (PERSON) Tehran (LOCATION)

Originally published by Bloomberg Markets Read original →

Jeanie Buss is contending her family's claim they are selling their remaining 17.8% stake in the Los Angeles Lakers to new majority owners Josh Kushner and Bob Iger in a letter obtained from her attorney. In a statement earlier Monday, the Buss family said they were selling their remaining stake in the franchise, which would mean Jeanie Buss would no longer have the needed ownership percentage to remain governor of the team. The NBA guidelines require controlling owners/governors to own at...

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Gold Holds Two-Day Gain on Reduced Rate-Hike Expectations

Gold held a two-day gain as reduced expectations for an interest-rate hike by the Federal Reserve weighed on the US dollar, making bullion cheaper for most buyers.

Bloomberg Markets 22m ago

Pauline Hanson vows to slash cigarette prices by nearly $30 a pack

Pauline Hanson vows to slash cigarette prices by nearly $30 a pack In short: One Nation wants to slash the tax on cigarettes by 75 per cent and freeze indexation for three years, saying a cut to the tobacco excise will help make the black market trade unprofitable. The tobacco commissioner says more than half of all tobacco consumed in Australia is now coming from the black market, which has led to as much as $12 billion in taxes being lost each year. The federal government says it will...

ABC Australia 35m ago

Mapped: The places where your house will sell the fastest

Mapped: The places where your house will sell the fastest While the average time to sell of 42 days has remained unchanged in the year to July, this masks a widening gap between faster local markets and weaker areas, Zoopla said - Bookmark - CommentsGo to comments Property sales across Britain are progressing nearly seven times faster in certain locations than in others, according to a property website. Meanwhile, roughly half of local authority areas are experiencing longer transaction...

The Independent UK 42m ago

Latest Oil Market News and Analysis for Aug. 18

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Jeanie contending family's sale of stake in Lakers

Gold Holds Two-Day Gain on Reduced Rate-Hike Expectations

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Mapped: The places where your house will sell the fastest