The latest escalation in the Middle East has materially raised global risk levels — but according to JM Financial, the economic fallout may not be evenly distributed. India, more than many of its global peers, stands directly exposed to the energy shock stemming from a potential disruption in the Strait of Hormuz. In its March…
Oil Price Outlook: The Iran-America war that broke out in the Middle East has shaken the global commodity and oil markets… highlights The Iran-America war that broke out in the Middle East has shaken the global commodity and oil markets. The situation worsened after the death of Iran’s supreme leader Ayatollah Ali Khamenei in these…
MUMBAI: The Indian rupee opened weaker and fell to a one-month low on Monday after a sharp escalation in the Iran-US conflict over the weekend pushed global crude oil prices higher and triggered a risk-off mood across emerging markets. The rupee opened 25 paise lower at 91.2462 per dollar and slipped to an intraday low…
Crude oil prices declined on Friday, extending losses from the previous session, as worries over supply disruptions eased with the reduced likelihood of a US strike on Iran. Brent crude slipped 21 cents, or 0.3%, to $63.55 a barrel, while US West Texas Intermediate fell 15 cents, or 0.3%, to $59.04 a barrel. Meanwhile, back…
NEW DELHI: The price of the Indian crude oil basket, which represents the cost of oil imported by the country, has averaged $59.92 per barrel so far in January, down from $62.2 in December, according to data from the Petroleum Planning and Analysis Cell on Tuesday. This marks the first time since February 2021 that…
In a stunning turn of events, the US attacked Venezuela over the weekend, captured its leader, Nicolas Maduro, and imposed a naval blockade. The chaos in the Latin American nation, once an oil-producing powerhouse, is being keenly eyed, as this event adds a “geopolitical risk premium” on energy markets. In the initial reaction, Brent crude…
