If negotiations continue to lose momentum, Brent could move towards $95-97 a barrel. However, any credible diplomatic breakthrough could quickly unwind part of the premium and trigger a sharp reversal
Brent futures gained 72 cents, or 0.81%, to $89.63 a barrel by 0053 GMT, while US West Texas Intermediate (WTI) crude climbed 71 cents, or 0.85%, to $83.91
Donald Trump claims the US Navy has full control of the Strait of Hormuz after clearing mines, while Iran says it will not fully reopen the key oil route until its demands are met
For Indian markets, the bigger issue over the next few months, analysts said, isn't the repo rate, but how much more geopolitical pressure the rupee can take before the central bank has to step in.
Share price of InterGlobe Aviation, parent of budget carrier IndiGo, hit an intra-day high of ₹5,508. The stock bounced back 41% from its 52-week low of ₹3,894.80 touched on March 23, 2026.
Brent futures fell $1.03, or 1.2%, to $88 a barrel by 0215 GMT, while US West Texas Intermediate (WTI) crude slipped $1.50, or 1.8%, to $82.09 a barrel
Brent futures increased by $3.15, or 3.8%, to $87.24 a barrel by 0520 GMT, while US West Texas Intermediate (WTI) crude rose $2.73, or 3.4%, to $81.99 a barrel
Brent futures advanced 37 cents, or 0.37 per cent, to $101.06 a barrel at 0330 GMT, having settled up 7 per cent above $100 in the previous session for the first time since May
Brent crude futures climbed $2.09, or 2.37%, to $90.19 by 0241 GMT, touching the highest since June 11, extending gains after rising 15.9% last week, its biggest weekly gain since April
Crude Oil market has moved beyond a simple war-premium story. It's now balancing three forces at once: geopolitical risk around Hormuz, refinery-led product tightness and softer macro-demand impulse.
The exit of UAE has certainly loosened the cartels grip over the pricing power and the Cartels kingpin Saudi Arabia, and the UAE, Kuwait, Iraq, and Qatar are fighting an open war to control the market