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Asian shares jump, oil prices fall as Iran-US peace deal boosts sentiment
Markets had already priced in a likely deal but the confirmation was enough to send Brent crude falling 4 per cent to $83.80 a barrel, well away from its May peak of $126.41
Brent Slumps Below $84 A Barrel As Trump Says Iran Deal Complete, Strait Of Hormuz To Reopen
The decline extended a broader retreat in oil prices as traders responded to signs that a prolonged disruption to energy flows through the Strait of Hormuz could ease.
Oil prices fall over 4% after US, Iran reach peace deal, reopen Hormuz
Brent crude futures fell $3.51, or 4.02 per cent, to $83.82 by 2203 GMT and US West Texas Intermediate was at $80.95 a barrel, down $3.93, or 4.63 per cent
Crude oil prices fall over 4% after US-Iran peace deal to open Strait of Hormuz; Brent oil below $85 a barrel
US President Donald Trump also announced that the strategic Strait of Hormuz - a vital maritime chokepoint through which roughly 20% of the world’s crude oil supply transits - would reopen.
Asian shares surge, oil prices slump on US-Iran peace deal
A gauge of Asian stocks increased 2.1% during open, while S&P 500 futures increased 1%. While South Korea's Kospi index was up nearly 6%, Japan's Nikkei 225 increased around 5%.
Bulls Take Charge: GIFT Nifty points to gap-up opening for Dalal Street
Indian equity markets concluded a volatile week on a strong note, breaking a two-week losing streak. This surge was fueled by improving global sentiment and supportive RBI measures. The upcoming week's trading will be influenced by domestic macroeconomic data and key global policy developments, including US-Iran negotiations impacting crude oil prices.
Nifty tops key 23,500 hurdle, can head to 24,500 on buying interest: Analysts
Nifty's strong breakout above 23,500 has turned technical analysts bullish, anticipating a move towards 24,000-24,500. Analysts highlight improving momentum, bullish patterns, and sustained buying interest, with 23,100-23,300 acting as crucial support. Specific stock recommendations include Bank of India, BPCL, HDFC Bank, UltraTech Cement, and KEI Industries.
Oil Slumps as US-Iran Deal May Allow Strait of Hormuz to Reopen
Oil sank after the US and Iran agreed to a peace deal to end the war in the Middle East, potentially allowing the Strait of Hormuz to reopen.
Markets cheer deal but see oil staying elevated
IRAN CRISIS/MARKETS (CORRECTED, INSTANT VIEW):REFILE-INSTANT VIEW-Markets cheer deal but see oil staying elevated
Dow futures jump 350 points after Donald Trump says Iran deal 'complete'; Oil prices fall
Along with equity markets, asset classes such as gold and silver are also surging as hopes of inflation falling on account of the US-Iran peace deal will ensure that the US Federal Reserve will not hike interest rates this year, even if they do not go about cutting them.
Two urea plants with 25.4 LT annual capacity to start production soon
India is set to boost its urea production with two new plants commencing operations soon. These facilities will add 25.4 lakh tonnes to the annual capacity. This development aims to significantly reduce the country's reliance on imported fertilizers. The government highlights this as a key step towards self-sufficiency in the agricultural sector. Farmers will benefit from stable fertilizer availability.
Telcos, businesses spar over calls, SMS consent regime
Telecom firms and banks are locked in a dispute over India's new digital consent rules for commercial messages. Major operators like Bharti Airtel and Reliance Jio want exclusive control over customer consent. They argue smaller players contribute to spam. Other stakeholders believe dominant telcos seek to monopolize a profitable new system.