With three simultaneous chokepoints under stress and the Yanbu bypass route now threatened, a Brent move above $100 looks increasingly plausible
At present, Goldman sees Brent at $80 a barrel in the fourth quarter, and $75 next year, predicated on a de-escalation of tensions in the West Asia
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
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
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
For India, BofA Securities has raised the 2026 GDP (gross domestic product) forecast to 7 per cent from the 6.2 per cent forecasted in April. For 2027, it now pegs the GDP growth at 7 per cent.
The Supertrend indicator remains in sell mode, while prices are hovering around the short-term moving average zone, suggesting the absence of a strong directional trend.
Even a successful reopening may not bring oil prices down sharply, as the scale of disruption and the time required for markets to rebalance will keep oil elevated in the range of $80-95 range.
Gulf's flagship national oil companies have issued stark timelines. Saudi Aramco CEO Amin Nasser warned that oil market will not normalise until 2027 if Hormuz disruptions persist past mid-June 2026.
Sensex Today | Stock Market Highlights, Friday: In the broader markets, the Nifty MidCap ended 0.14 per cent up, and the Nifty SmallCap fell 0.15 per cent
Brent crude futures rose $2.38, or 2.3 per cent, to $104.96 a barrel by 0034 GMT, and US West Texas Intermediate futures were up $1.73, or 1.8 per cent, at $98.08
The probability of US-Iran negotiations entering a more substantive phase is rising-every additional week of disruption deepens financial market stress that the White House cannot indefinitely absorb
Sensex Today | Stock Market Highlights, Friday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.45 per cent and 0.61 per cent down, respectively
MCX Crude Oil on the daily chart is consolidating within a symmetrical triangle pattern, indicating a phase of compression after the recent volatile swings
As the US plans a blockade of the Strait of Hormuz after failed Iran talks, here's a look at how wartime blockades -- from world wars to today -- have disrupted trade and daily life globally
Sensex Today | Stock Market Highlights, Thursday: In the broader markets, both the Nifty MidCap and the Nifty SmallCap ended 0.30 per cent and 0.50 per cent down, respectively
Donald Trump says Iran will allow 20 oil ships through the Strait of Hormuz, while Brent crude has surged to about $115 a barrel. Here are the top updates at 9 am (IST)
The global benchmark soared as much as 10.5 per cent to $101.59 a barrel, while West Texas Intermediate surged near $96
Brent crude briefly surged to $120 a barrel amid supply disruptions in West Asia. Analysts warn that the Iran war could reshape oil price trajectories and pose fresh risks to India's energy security