Oil Prices

U.S. forces bombed targets in southern Iran overnight after President Donald Trump said that Tehran would pay dearly for the deaths of American soldiers. Iran, meanwhile, struck U.S. sites in Bahrain

Benchmark ​prices had earlier touched more than one-month highs on concern over disruption to shipments through the ​Strait of Hormuz

Oil prices edged higher, with Brent crude above $85 a barrel, as escalating US-Iran attacks raised concerns over disruptions to supplies through the Strait of Hormuz

IEA chief Fatih Birol says markets are gripped by uncertainty as attacks in and around the Strait of Hormuz threaten oil, gas and fertiliser shipments

Brent crude rises to $85.28 a barrel and WTI to $80.02 as renewed US-Iran tensions raise concerns over supply disruptions in the Strait of Hormuz

For the second straight session, Brent ​closed at its highest since June 12 and West Texas Intermediate at its ‌highest since June 15 and rose further on early Wednesday trade

Oil prices climbed to a four-week high after the US reinstated its blockade of Iranian shipping and both sides intensified attacks around the Strait of Hormuz

Oil prices climbed more than 3 per cent after fresh US-Iran military strikes renewed concerns over energy shipments through the Strait of Hormuz and regional supply risks

Oil prices edged lower on Friday as inflation concerns weighed on demand, but crude remained on track for strong weekly gains amid renewed US-Iran strikes and uncertainty over the Strait of Hormuz

Officials say India has adequate crude oil, LNG and LPG inventories to withstand any near-term supply disruption even as renewed US-Iran tensions push up crude prices

Brent crude futures rose 78 cents, or 1 per cent to $78.8 a barrel by 0054 GMT, while US West Texas Intermediate crude futures were up 74 cents, or 1.01 per cent, at $74.26 a barrel

Brent crude climbed more than 5 per cent to a two-week high after Donald Trump warned of further strikes on Iran, while gold prices declined

The rupee fell to a one-month low against the dollar as oil prices surged after Donald Trump said the Iran accord was "over", raising supply disruption fears

Recent pullback in crude oil prices from the channel support suggests short-covering, but the prevailing structure continues to reflect lower highs and lower lows, keeping the broader downtrend intact

The Middle East is now entering a different kind of conflict-one driven not by military confrontation, but by the battle for market share in global oil markets.

Brent crude futures ​gained 28 cents, or 0.39%, to $72.29, and US WTI crude rose ‌to $68.84 a barrel, up 29 cents, or 0.26% as of 0046 GMT, after settling down to around pre-Iran war levels on Monday

Brent crude falls below $72 a barrel, while US WTI slips to around $68.6 as recovering Strait of Hormuz exports ease supply concerns

India successfully navigated one of the biggest global energy crises through proactive policies, diversified fuel sourcing, and strong diplomatic ties, with minimal burden on citizens, Prime Minister Narendra Modi said on Saturday. The prime minister was addressing a gathering after inaugurating a refinery in Pachpadra of Balotra district. He also laid the foundation stone of multiple development projects. Modi said India expanded its energy imports significantly during the West Asia crisis. "When the crisis began, India was importing energy from about 25-26 countries. During the crisis, we increased this to more than 40 countries," he said, attributing the turnaround to India's diplomacy. He said oil companies incurred losses of over Rs 75,000 crore between April and June due to rising global prices, but the government absorbed the burden. "We reduced excise duty by Rs 10 per litre and ensured that the burden on citizens did not increase significantly," he said. Rumours were spr

Oil marketing companies (OMCs) have reduced the price of 19-kg commercial LPG cylinders by ₹183.50 across the country.

Brent August crude futures were down 0.9 per cent, or 64 cents, at $72.51 a ‌barrel as of 0356; US West Texas Intermediate for August fell 0.6 per cent, or 39 cents, to $70.36 a barrel