The price of Brent Crude Oil increased to $ 102.5 per barrel, which is an increase of about 2.40%. At the same time, West Texas Intermediate crude (WTI) also rose to $ 95.3 per barrel. A major reason for tension in the oil market is the growing concerns regarding the Strait of Hormuz. It is…
US-Iran news: The United States on Friday destroyed military targets on Iran’s main oil hub of Kharg Island, President Donald Trump announced, threatening to strike its oil infrastructure if Iran continues attacks that have halted most ship traffic in the Strait of Hormuz. According to Reuters, the island serves as the export terminal for 90%…
Gold rate today: Following no signs of de-escalation in the US-Iran war, fueling the oil prices above $100/barrel, the gold price today is set to drop for the second straight week. The COMEX gold rate today is around $5,085/oz, about $73/oz below last Friday’s close of $5,158.70/oz. This would be the first time since November…
Metal Stock Crash Today: Due to weak global signals regarding the US-Iran war, the Indian stock market recorded a huge decline for the third consecutive session on Friday. During intra-day trading on Friday, there was a sharp fall in the shares of metal companies included in the Nifty Metal index. Shares of many companies fell…
Stock market crash: Following the weak global cues on the US-Iran war, the Indian stock market crashed for the third straight session on Friday. At the sectoral level, broad-based selling pressure is evident across most segments in early trade, with the FMCG sector the only notable pocket of resilience. Even metal stocks witnessed sharp selling…
Gold rate today: Amid no signs of de-escalation in the US-Iran war, the MCX gold rate today opened flat but sustained above. ₹₹1,60,000 per 10 gm. Gold price today opened marginally lower at ₹1,60,251 per 10 gm and touched an intraday low of ₹1,59,764, logging an intraday loss of ₹Rs.507 per 10 gm. However, the…
Stock market today: Amid the persistent US-Iran war and renewed volatility in the crude oil price, the Indian stock market witnessed sharp selling for the second straight session on Thursday. The Nifty 50 index ended 227 points lower at 23,639, the BSE Sensex crashed 829 points and closed at 76,034, and the Bank Nifty index…
The situation of petroleum prices and supply in India’s neighboring countries is quite tense. Global oil and gas supply has been disrupted due to the impact of the Strait of Hormuz due to the Iran-America-Israel war, which is directly impacting the neighboring countries. India’s neighboring countries include countries like Pakistan, China, Bangladesh, Nepal, Sri Lanka,…
Crude Oil Impact: Most of the countries in Asia are dependent on imported oil for their energy needs, so expensive oil can become a big challenge for the economies of the region… highlights After the increasing tension in West Asia and military action on Iran, there is a sharp rise in the prices of crude…
