The impact of the war on energy infrastructure is considerably more severe than futures prices currently imply
Last month, Washington unveiled 30-day waivers on US sanctions for the purchase of Russian and Iranian oil at sea in an attempt to ease prices that were driven up by the US-Israeli war on Iran
Brent crude futures dropped more than 1% to $98.14 a barrel while US West Texas Intermediate crude futures fell 1.6% to $93.15 a barrel
Brent crude futures dropped 44 cents, or 0.5 per cent, to $94.49 a barrel at 0021 GMT. US West Texas Intermediate crude futures was down 70 cents, or 0.8 per cent, at $90.59 a barrel
Goods shipments in March at 1-year high, imports dip
Southeast Asian nations including Vietnam have previously sought help from Japan as well as from South Korea for crude oil supplies.
Today's buying raised investors' wealth around ₹9.4 trillion, increasing mcap of all the BSE-listed companies to ₹457.87 trillion from Monday's all-India mcap of ₹448.47 trillion
Brent futures are currently trading near $95/bbl after a 4.6 per cent correction, yet remain up 31 per cent since the start of the conflict, 56 per cent year-to-date
Nikhil Khandelwal of Systematix Group, said that while immediate geopolitical shock has been priced in, the full macro impact, especially of higher crude, has not yet been fully reflected in earnings.
Brent crude futures fell 52 cents, or 0.55 per cent, to $94.27 a barrel at 0054 GMT after falling 4.6 per cent in the previous session
S&P Global says crude at $130 per barrel could slow India's growth, widen fiscal deficit, raise inflation and strain corporate and banking sector performance
Rising crude prices and higher under-recoveries are weighing on OMCs, with revised windfall taxes offering limited relief as retail price hikes appear increasingly likely
Iran, according to Nomura's estimates, has been the biggest beneficiary since the war broke out in terms oil revenues that rose 36 per cent y-o-y in March 2026 to $5.7 billion
Brent futures declined by $1.86, or 1.87 per cent, to $97.50, while US West Texas Intermediate (WTI) crude fell $2.25, or 2.27 per cent, to $96.83 by 0003 GMT
The rupee fell and bond yields rose as crude oil surged above $100, with US-Iran tensions fuelling inflation concerns and pressuring currency and debt markets
Prices for physical crude barrels are trading at significant premiums to futures, with some grades already at record highs of about $150 a barrel
The Sensex touched a low of 75,868, down 1,682 points, or 2 per cent. Likewise, the Nifty 50 hit an intraday low of 23,555, down 495 points, or 2 per cent
Crude oil prices surged above $100 per barrel as escalating tensions in West Asia spooked investors
Crude oil prices topped the $100 per barrel mark after the failure of ceasefire talks between the United States and Iran in Islamabad over the weekend to reach an agreement
India is the world's second-largest fertiliser consumer after China and depends heavily on imports of both raw materials and finished products