Crude oil rallies on intensifying US‑Iran conflict, set for largest weekly gain since 2022

Buzz line2 months ago07 mins

Global crude oil prices are on track to register the biggest weekly surge in four years as the war in the Middle East has unleashed a wave of disruption across energy markets, with maritime traffic in the Strait of Hormuz grinding to a near-complete halt, which has kept crude oil prices in a boiling zone….

Brent at $100? Why India could be hit hardest by the US–Iran war; ONGC, Oil India to benefit

Buzz line2 months ago07 mins

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…

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Crude oil rallies on intensifying US‑Iran conflict, set for largest weekly gain since 2022