US-Iran war: Oil prices surged on Monday after US and Israeli strikes on Iran, along with Tehran’s retaliatory attacks, disrupted the global energy supply chain. The spike in crude oil prices is emerging as a key risk not only for the Indian economy but also its oil marketing companies (OMCs) as the nation imports a…
Israel-Iran war: Amid ongoing Israel and US attack on Iran, crude oil prices will remain in focus on Monday, as Iran remains among the top-10 oil producers in the world. Market experts believe that the US and Israeli strikes on Iran and Tehran’s subsequent retaliatory actions have heightened fears that global crude oil supplies could…
Indian stock market: Both benchmark indices – Sensex and Nifty – closed at nearly 1% down on Friday, February 27, driven by persistent geopolitical tensions and a sharp spike in crude oil prices. The Sensex tumbled 961 points, or 1.17%, to settle at 81,287.19, while the Nifty 50 slumped 318 points, or 1.25%, to close…
Oil prices declined by around 1% on Monday, after hitting a six-month high last week, amid signs that the US-Iran tensions are unlikely to worsen. Concerns around global growth and lower fuel demand following the tariff hike announcements by US President Donald Trump also weighed on crude. Brent crude futures fell by 76 cents, or…
Oil prices extended gains on Thursday, February 19, as signs of conflict between the US and Iran sparked worries of possible supply disruptions. The US and Iran sought to defuse tensions during negotiations over Tehran’s nuclear programme, even as both nations stepped up military activity in the key oil-producing region. Brent crude futures rose 17…
Oil prices snapped their three-day rising streak, falling nearly 1% in the international markets on Thursday, February 5, after the US and Iran agreed to hold negotiation talks in Oman, easing fears of a possible military confrontation that could disrupt supplies from the key Middle East oil-producing region. Brent crude futures slipped 1.4% to $68.47…
Oil prices slid about 4% on Monday, February 2, after US President Donald Trump said over the weekend that Iran was seriously talking” with Washington. The comments eased fears of an escalation involving the OPEC member, after earlier concerns over a possible military strike had pushed prices to multi-month highs. Brent crude futures fell $2.81,…
