Crude Oil

Crude oil prices rose sharply by Rs 359 to Rs 9,617 per barrel on Monday, marking their fourth straight session of gains in futures trade amid escalating geopolitical tensions in West Asia and supply concerns. On the Multi Commodity Exchange, crude oil for the April contract climbed Rs 359, or nearly 4 per cent, to Rs 9,617 per barrel. The May-delivery increased by Rs 436, or nearly 5 per cent, to hit a lifetime high of Rs 9,407 per barrel on the commodities bourse. Analysts said crude oil prices rallied in domestic and international markets as investors assessed the impact of rising tensions around the Strait of Hormuz, a key oil transit route. In the international market, West Texas Intermediate (WTI) crude for the May contract gained USD 3.27, or 3.33 per cent, to USD 101.50 per barrel, while Brent Crude for the same month delivery rose USD 2.89, or 2.72 per cent, to USD 109.30 per barrel in New York. According to analysts, market sentiment remained firm after US President Dona

Foreign investors turn net sellers of FAR securities in March as global risks, rising oil prices, and higher US yields weaken sentiment, though RBI measures keep bond yields stable

Iran's Parliament Speaker Mohammad Baqer Qalibaf wrote on X that critical infrastructure and energy facilities in West Asia could be "irreversibly destroyed" should Iranian power plants be attacked

In each of the past 12 years, there has been a drop in domestic crude production

DG Shipping warns of supply shortages on stranded vessels, rising freight and insurance costs, and potential disruptions to India's trade and energy security

Agency outlines measures such as remote work, reduced travel and public transport use to ease demand as oil prices surge amid West Asia conflict

India VIX slipped 3 per cent, but remained elevated above 22, indicating heightened expectations of near-term volatility

Indian stock markets tumbled sharply as geopolitical tensions in West Asia pushed oil prices higher, triggered foreign investor selling, and rattled global markets.

After the death of Ayatollah Ali Khamenei, Iran has a new Supreme Leader. Mojtaba Khamenei, long seen as a powerful but shadowy figure, has now taken the country’s top post.

The White House said President Donald Trump would waive, for 60 days, Jones Act requirements for goods shipped between US ports to be moved on US-flagged vessels. The 1920s law, designed to protect the American shipbuilding sector, is often blamed for making gas more expensive. The moves highlight the increased pressure that the Republican administration is under to ease soaring oil prices as the United States, along with Israel, wages a war with Iran without a foreseeable end date. Global oil prices have since spiked as Iran halted traffic through the narrow Strait of Hormuz, where one-fifth of the world's oil typically passes through from the Persian Gulf to customers worldwide.

The ongoing war in West Asia has disrupted LPG supplies to India. Restaurants are limiting operations and customers are panic buying cylinders.

As the US–Israel war with Iran intensifies, Tehran has laid down three clear conditions for a ceasefire: recognition of its rights, payment of reparations, and guarantees against future attacks.

Several US allies have declined Donald Trump’s request to send naval escorts to the Strait of Hormuz to protect global shipping. Countries like the United Kingdom, Japan, Australia, and France

Crude oil above $100 a barrel threatens to widen India's CAD, stoke inflation, and strain key sectors, even as upstream firms gain and downstream players face margin pressures

Share price of MCX rallied 5% to ₹2,675 on the BSE in Tuesday's intra-day trade, and was quoting close to its all-time high of ₹2,706 touched on January 29, 2026.

On the Multi Commodity Exchange (MCX), crude oil for March delivery increased by ₹119, or 1.31 per cent, to ₹9,171 per barrel in a business turnover of 12,745 lots

Jaishankar says talks with Iran are helping ease shipping risks in the Strait of Hormuz, as an Indian oil tanker sails from Fujairah after a drone attack at the UAE terminal

The country still faces a shortfall of 700,000 bpd of crude oil in March compared to Feb

Asian nations seeking US energy to reduce reliance on West Asia

An Indian-flagged crude tanker sailed out safely from the UAE's Fujairah after loading oil, despite an attack on the oil terminal, as the government on Sunday said it is closely monitoring the situation in West Asia while ensuring stable fuel supplies and maritime safety. The vessel, Jag Laadki, carrying about 80,800 tonnes of Murban crude oil, departed Fujairah at 1030 hrs IST and is bound for India, with all crew members safe, the government said in an update on preparedness measures. Jag Laadki is the fourth Indian-flagged vessel to have come out of the war zone unharmed. Besides, the safe passage being an important milestone for Indian diplomacy, the cargo they are carrying is considered critical as shipping constraints in the Strait of Hormuz have impacted India's energy supplies. "On March 14, 2026, while the Indian-flag vessel Jag Laadki was loading crude oil at the Fujairah Single Point Mooring, the Fujairah oil terminal was attacked. The vessel sailed safely from Fujairah