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Page 3 - Us-iran Tensions

Crude oil futures crash 6% to hit lower circuit after US-Iran ceasefire

Crude oil prices retreated sharply on Wednesday crashing by 6 per cent to hit their lower circuit level in futures trade, tracking weak global benchmarks after the US and Iran announced a two-week ceasefire. On the Multi Commodity Exchange (MCX), crude oil futures for the April delivery slumped by Rs 640, or 6 per cent, to Rs 10,029 per barrel -- its lower circuit limit. Similarly, the May contract declined by Rs 565, or 6 per cent, to Rs 8,860 per barrel, also hitting its lower circuit limit amid aggressive selling as easing tensions reduced fears of supply disruptions. Globally, oil prices retreated after the ceasefire announcement between the US and Iran, which is expected to restore supply flows through the Strait of Hormuz - a key transit route for nearly one-fifth of global oil shipments. West Texas Intermediate (WTI) crude futures for May delivery tumbled by USD 17.11, or 15.15 per cent, to USD 95.84 per barrel, while Brent oil for June contract plunged by USD 14.52, or 13.2

Crude oil futures crash 6% to hit lower circuit after US-Iran ceasefire
Updated On : 08 Apr 2026 | 10:15 AM IST

How Trump went from threatening Iran's annihilation to two-week ceasefire

President Donald Trump over the course of a day went from threatening Iran with "annihilation" to proclaiming that the battered Islamic Republic's leadership had presented a "workable" plan that led him to agree to a 14-day ceasefire that he expects to pave the way to end the nearly six-week-old war. The dramatic shift in tenor came as intermediaries, led by Pakistan, worked feverishly to head off a further escalation of the conflict. Even China - Iran's biggest trading partner and the United States' most significant economic competitor - quietly pulled strings to find a pathway toward a ceasefire, according to two officials briefed on the matter who were not authorized to comment publicly and spoke on the condition of anonymity. "The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East," Trump declared in a social media post announcing

How Trump went from threatening Iran's annihilation to two-week ceasefire
Updated On : 08 Apr 2026 | 10:07 AM IST

FBI warned of Iran-linked threat to US even as White House downplayed risk

President Donald Trump publicly has minimized the possibility of Iranian attacks on American soil in response to other intelligence assessments in recent months

FBI warned of Iran-linked threat to US even as White House downplayed risk
Updated On : 08 Apr 2026 | 10:06 AM IST

FBI warned of Iran-linked threat to US even as White House downplayed risk

President Donald Trump publicly has minimized the possibility of Iranian attacks on American soil in response to other intelligence assessments in recent months

FBI warned of Iran-linked threat to US even as White House downplayed risk
Updated On : 08 Apr 2026 | 10:06 AM IST

GAIL shares jump 8% as Iran-US ceasefire update; time to book profit?

The buying interest in the counter came on the back of the latest developments in the US-Iran ceasefire deal

GAIL shares jump 8% as Iran-US ceasefire update; time to book profit?
Updated On : 08 Apr 2026 | 9:55 AM IST

GAIL shares jump 8% as Iran-US ceasefire update; time to book profit?

The buying interest in the counter came on the back of the latest developments in the US-Iran ceasefire deal

GAIL shares jump 8% as Iran-US ceasefire update; time to book profit?
Updated On : 08 Apr 2026 | 9:55 AM IST

Suspending operations for two weeks, says Iraq's Islamic Resistance

Iran-backed Islamic Resistance in Iraq has suspended its operations in Iraq and across the region for two weeks

Suspending operations for two weeks, says Iraq's Islamic Resistance
Updated On : 08 Apr 2026 | 9:52 AM IST

Suspending operations for two weeks, says Iraq's Islamic Resistance

Iran-backed Islamic Resistance in Iraq has suspended its operations in Iraq and across the region for two weeks

Suspending operations for two weeks, says Iraq's Islamic Resistance
Updated On : 08 Apr 2026 | 9:52 AM IST

Petronet LNG share price rises 9% on bourses amid Iran-US ceasefire deal

Petronet LNG shares have rebounded 18.28 per cent from their 52-week low of ₹235.35 per share, which was touched on March 23, 2026, on the NSE

Petronet LNG share price rises 9% on bourses amid Iran-US ceasefire deal
Updated On : 08 Apr 2026 | 9:50 AM IST

Bond yields slump, rupee strengthens ahead of RBI's monetary policy outcome

Cooling crude prices after a US-Iran ceasefire lifted sentiment, pulling down yields and supporting the rupee ahead of the Reserve Bank of India's policy decision

Bond yields slump, rupee strengthens ahead of RBI's monetary policy outcome
Updated On : 08 Apr 2026 | 9:47 AM IST

ONGC, OIL fall 4% as Brent crude tumbles below $100 on US-Iran ceasefire

ONGC and Oil India shares fell up to 4% as Brent crude dropped below $100 following a US-Iran ceasefire and easing tensions in the Strait of Hormuz.

ONGC, OIL fall 4% as Brent crude tumbles below $100 on US-Iran ceasefire
Updated On : 08 Apr 2026 | 9:36 AM IST

Trump finds his offramp with Iran, but causes of war remain unresolved

President Trump's short-term intimidation may have worked, but the fundamental divides with Iran are as sharp as they were in February

Trump finds his offramp with Iran, but causes of war remain unresolved
Updated On : 08 Apr 2026 | 8:57 AM IST

Trump finds his offramp with Iran, but causes of war remain unresolved

President Trump's short-term intimidation may have worked, but the fundamental divides with Iran are as sharp as they were in February

Trump finds his offramp with Iran, but causes of war remain unresolved
Updated On : 08 Apr 2026 | 8:57 AM IST

Israel backs ceasefire but deal excludes fighting in Lebanon: Netanyahu

Prime Minister Benjamin Netanyahu said Israel backed the US ceasefire with Iran but that the deal doesn't cover fighting against Hezbollah in Lebanon. Netanyahu's office said in the statement Wednesday that Israel supported US President Donald Trump's decision to suspend strikes against Iran for two weeks subject to Iran immediately opening the Strait of Hormuz and stopping all attacks on the US Israel and countries in the region. His office said Israel also supports US efforts to ensure Iran no longer poses a nuclear or missile threat.

Israel backs ceasefire but deal excludes fighting in Lebanon: Netanyahu
Updated On : 08 Apr 2026 | 8:49 AM IST

Israel backs ceasefire but deal excludes fighting in Lebanon: Netanyahu

Prime Minister Benjamin Netanyahu said Israel backed the US ceasefire with Iran but that the deal doesn't cover fighting against Hezbollah in Lebanon. Netanyahu's office said in the statement Wednesday that Israel supported US President Donald Trump's decision to suspend strikes against Iran for two weeks subject to Iran immediately opening the Strait of Hormuz and stopping all attacks on the US Israel and countries in the region. His office said Israel also supports US efforts to ensure Iran no longer poses a nuclear or missile threat.

Israel backs ceasefire but deal excludes fighting in Lebanon: Netanyahu
Updated On : 08 Apr 2026 | 8:49 AM IST

Gold rises to near three-week high after Trump pauses attacks on Iran

Bullion rose more than 3 per cent to its highest level since March 19

Gold rises to near three-week high after Trump pauses attacks on Iran
Updated On : 08 Apr 2026 | 8:26 AM IST

Gold rises to near three-week high after Trump pauses attacks on Iran

Bullion rose more than 3 per cent to its highest level since March 19

Gold rises to near three-week high after Trump pauses attacks on Iran
Updated On : 08 Apr 2026 | 8:26 AM IST

Missile alerts sound in West Asian countries despite Iran-US ceasefire

Israel and the United Arab Emirates both sounded missile alerts early Wednesday, despite Iran and the United States saying they had reached a two-week ceasefire in the war. It wasn't immediately clear what was being targeted in the two countries, which bore the brunt of the missile and drone fire during the war. Missile alerts also continued in Saudi Arabia, Bahrain and Kuwait early Wednesday, hinting at the chaos surrounding the diplomatic moves. Throughout the war, Iran's paramilitary Revolutionary Guard has called the shots in all decisions. Individual commanders have made decisions on what to strike and when, with the nation's political leadership sidelined. Whether they agreed to stop shooting with the declared ceasefire and negotiations being planned in Islamabad remained in question. However, many Mideast wars see combatants launch last-minute attacks to be able to claim victory with their populations.

Missile alerts sound in West Asian countries despite Iran-US ceasefire
Updated On : 08 Apr 2026 | 8:18 AM IST

Shipowners eye Hormuz ceasefire window to move over 800 trapped vessels

The near-closure of the vital waterway for weeks has created an unprecedented global energy supply crunch, as Iran tightened its control in the aftermath of US and Israeli strikes

Shipowners eye Hormuz ceasefire window to move over 800 trapped vessels
Updated On : 08 Apr 2026 | 8:14 AM IST

Shipowners eye Hormuz ceasefire window to move over 800 trapped vessels

The near-closure of the vital waterway for weeks has created an unprecedented global energy supply crunch, as Iran tightened its control in the aftermath of US and Israeli strikes

Shipowners eye Hormuz ceasefire window to move over 800 trapped vessels
Updated On : 08 Apr 2026 | 8:14 AM IST