Escalating West Asia tensions kept oil prices elevated and triggered broad-based selloff in domestic equities, pushing benchmark indices to multi-month lows and erasing ₹21.5 trillion in market value
Brent crude was down 50 cents, or 0.6 per cent, to $80.90per barrel by 1318 GMT, after hitting a high of $84.48 earlier in the session
Any impact on the oil infrastructure in case of a prolonged war could see the Nifty drop to 23,500 - 23,700 levels," says U R Bhat, co-founder & director of Alphaniti Fintech.
Iran-Israel-US tensions may trigger Nifty correction to 24,500, says Emkay. Sectors at risk, safe bets, oil shock impact and investor strategy explained
President Donald Trump suggested to the Daily Mail the conflict could last for four more weeks, while posting that attacks would continue until US objectives were met
Gaudium IVF gained nearly 2% on debut, Omnitech IPO saw muted demand, while oil prices hit seven-month highs amid uncertainty over extended US-Iran talks
Brent crude futures were down 95 cents, or 1.3 per cent , at $69.90 a barrel by 1351 GMT. WTI futures lost $1.06, or 1.6 per cent , to $64.36
Crude oil trades near 7-month highs as US-Iran tensions sustain a $5-$6 risk premium. Analyst explains how Strait of Hormuz, Opec+ decisions, and current Brent oil prices shape oil market outlook
Oil prices are at six-month highs as US-Iran tensions escalate. Brent crude is near $72 on fears of supply disruption and risks around the Strait of Hormuz. Analysts see higher oil prices ahead
The major oil producer lies opposite the oil-rich Arabian Peninsula across the Strait of Hormuz, through which about 20 per cent of global oil supply passes
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Political consultancy Eurasia Group said in a Tuesday note to clients that it thinks there is a 65 per cent probability of U.S. military strikes against Iran by the end of April
Analysts at Mirae Asset Sharekhan expects WTI Crude oil futures to trade within a broader $59-$66 per barrel range in the coming weeks.
Global inventories are expected to build by an average of 2.8 mbpd through the first half of the year, marking the largest surplus in recent memory
Trump said that he had been told that killings in Iran's crackdown on nationwide protests were subsiding and he believed there was currently no plan for large-scale executions
Tehran warned US allies in the Middle East it would strike US bases on their soil if Washington attacked Iran. Some personnel were advised to leave a US military base in Qatar
Mirae Asset Sharekhan expects global oil market to be in surplus for a pro-longed period. It predicts WTI crude oil to hit $48 per barrel-mark in 2026
Oil price outlook: The most significant downward pressure on oil prices this month stems from renewed optimism regarding the conflict in Ukraine.
On the bourses, IGL share price rallied up to 5.54 per cent to an intraday high of ₹193.35 per share, while MGL share price rose up to 4.22 per cent to an intraday high of ₹1,159.25.
Brent crude futures fell $1.11, or around 1.8 per cent, to $59.45 a barrel at 1023 GMT, while US West Texas Intermediate crude was trading at $55.71 a barrel, down $1.11, or nearly 2 per cent