Former US President Donald Trump said in an interview with CBS News on Monday that he feels the ongoing war against Iran is almost over. He said that this conflict has extended much further than his initial estimate of four to five weeks. The Islamic Revolutionary Guard Corps (IRGC) reacted to Trump’s statement. The organization…
Crude oil prices declined on Wednesday after a report said that the International Energy Agency (IEA) proposed the largest release of oil reserves in its history to bring down crude prices that have soared amid the US-Iran war. According to a Wall Street Journal report, the release would exceed the 182 million barrels of oil…
Crude oil prices retreated sharply from intraday highs on Monday after surging to their highest levels since mid-2022 amid escalating geopolitical tensions in the Middle East. US crude benchmark WTI had earlier jumped 31.4% to a session high of $119.48 per barrel, while Brent crude rose nearly 29% to $119.50 per barrel. The rally came…
Gold and silver prices declined in both international and domestic markets on Monday, even as crude oil prices surged amid escalating geopolitical tensions in the Middle East due to the ongoing US-Iran war. In the global market, spot gold price fell 1.7% to $5,082.51 per ounce, while US gold futures for April delivery dropped 1.4%…
The Indian government bonds traded lower on Monday, after the crude oil prices jumped amid escalating military conflict in the Middle East, following the US and Israel’s strikes on Iran, weighing on investors’ risk appetite. The benchmark 6.48% 2035 bond yield rose to 6.6894%, after ending at 6.6601% on Friday. Bond yields move inversely to…
Paint stocks, including Berger Paints, Asian Paints, and Kansai Nerolac, were trading with deep losses in Monday’s session, March 2, reflecting broader market weakness as tensions in the Middle East escalated following unprecedented joint US and Israeli strikes on Iran over the weekend, triggering a sharp jump in crude oil prices. Rising crude oil prices…
