Oil Prices

Oil drops ahead of US-Iran talks, posts biggest weekly fall since 2022

US West Texas Intermediate crude futures fell $1.30, or 1.3 per cent, to settle at $96.57 a barrel, with a weekly decline of 13.4 per cent, its largest since April 2020

Watch: Donald Trump’s full address on the Iran war | Strait of Hormuz | White House | Oil prices

In his first address since launching coordinated military strikes with Israel on Iran, US President Donald Trump said Washington is close to achieving its military objectives and warned of intensified

Oil price rises on lingering Hormuz disruption, shaky US-Iran ceasefire

Both benchmark prices fell below $100 per barrel in the previous trading session, with WTI recording its biggest decline since April 2020 on expectations the ceasefire ending the fight

Oil prices to hold around $88-95/barrel for next 4-6 weeks, says analyst

Mohammed Imran of Mirae Asset Sharekhan expects that Brent and WTI floor prices would remain elevated at pre-war levels

US-Iran ceasefire set to ease pressure on India's energy supplies

India's energy outlook brightened on Wednesday after a fragile ceasefire between Iran and the US triggered a sharp drop in crude prices and reopened hopes of supply normalization through the world's most critical energy corridor. India, the world's third-largest energy consumer and fourth-biggest gas user, imports about 88 per cent of its crude oil, around half of its natural gas requirements and roughly 60 per cent of its liquefied petroleum gas (LPG) needs, underscoring its heavy reliance on overseas supplies. More than half of these crude imports, about 40 per cent of natural gas and as much as 85-90 per cent of LPG shipments are sourced from Gulf countries and transit through the Strait of Hormuz - the world's most critical energy corridor that was shut because of the West Asia conflict. The US and Iran have agreed to a conditional two-week ceasefire that included the opening of Strait of Hormuz for shipping. With energy supplies from Gulf countries impacted, India initially c

Oil plunges, US futures jump as Trump pauses Iran attacks for 2 weeks

Oil prices plunged and US stock futures jumped after President Donald Trump said he would hold off on his threat of devastating attacks on Iran for two weeks if the Iranians agree to allow ships to pass through the Strait of Hormuz. Futures for US crude oil sank 18% to around $92.60 while Brent crude oil futures fell about 6% to $103.40. Both prices remain well above where they were at the start of the war. Futures for the S&P 500 rose 2.4%. Trump said Iran has proposed a "workable" 10-point peace plan that could help end war the US and Israel launched on Feb 28.

Rewiring power for a new era: India's energy transition is too cautious

India imports more than 90 per cent of its oil needs and roughly half its gas requirements

Mkts rise over 1% on truce hopes; bank stocks lead rally as oil prices ease

Mcap of BSE-listed firms rise by ₹5 trn to ₹428 trn

SME Forum seeks govt support as fuel costs hit MSME clusters hard

Industry body flags rising fuel costs, shipping disruptions and labour stress in key clusters; proposes relief measures including subsidies, liquidity support and worker welfare schemes

Saudi hikes Asia oil price to record premium amid Hormuz disruption

State oil producer Saudi Aramco will increase flagship Arab Light crude prices for May sales to a premium of $19.50 over regional benchmarks for refiners in Asia

Rupee set to rise on spillover of RBI curbs; oil, outflows temper sentiment

The rupee is likely to ‌open in the 92.80-92.90 range versus the US dollar, having settled at 93.10 on Thursday

Oil prices rise as Trump's threats to Iran heighten supply disruption fears

Brent crude futures rose $1.71, or 1.6 per cent, to $110.74 a ​barrel by 0057 GMT while US WTI was up 0.6 per cent, trading at $112.25 per barrel

West Asia conflict: Predictable expenses likely to boost EV demand

CSEP study says high crude prices may accelerate EV transition, but electric cars will continue to rely on fiscal incentives to remain competitive with ICE vehicles till 2030

West Asia conflict threatens to push markets into bear market rhythm

Markets face risk of a prolonged bear phase as oil shocks and geopolitical tensions test inflation, growth, and investor confidence globally

US intelligence warns Iran unlikely to ease Strait of Hormuz chokehold soon

The finding suggests Tehran could continue to throttle the strait to keep energy prices high as a means of pressuring Trump to find a quick off-ramp to the war

Nomura downgrades India equities to neutral on oil, AI and inflow risks

Brokerage flags risks from elevated oil prices, slowing domestic inflows and India's weak positioning in AI, even as valuations remain stretched versus regional peers

Oil jumps nearly 7% after Trump says US to keep up attacks on Iran

The gains followed an earlier fall of more than $1 in both benchmarks prior to Trump's televised speech to the nation, after having settled lower in the previous session

Don't waste the oil shock, use it to secure India's energy future

Crude oil imports alone in 2025-26 are around 225 Mt. At $120 per barrel, the annual import bill for crude oil will be around $160 billion, compared with $80 billion at a crude price of $60 per barrel

Clouded year ahead: Economic conditions have changed since February 1

Multiple sectors will come under pressure, complicating the government's plans for the year

Oil shock concludes FY26 amid record gold, silver gains as volatility rises

The oil crisis is unfolding amid record global debt, fragile supply chains, and emerging market volatility