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Cooking oil prices spike in wholesale market
Cooking oil prices have increased by up to 5 percent. This rise is linked to higher crude oil prices and increased demand for biodiesel. Dry fruit prices, including dates, almonds, and pistachios, have also climbed. Disruptions in shipping routes from Iran, Afghanistan, and the UAE are affecting availability.
Iran conflict disrupts global shipping as tankers are stranded, damaged
War risk insurance for ships in the Gulf is being cancelled. The Iran conflict has disrupted shipping. Several tankers are damaged. Two seafarers have died. Around 150 ships are stranded near the Strait of Hormuz. Oil and gas prices have jumped. Shipping costs are set to rise further.
Gujarat Energy shares decline 1.6%; Nomura says selloff is an opportunity. Here's why
Nomura said the ceasefire has improved LPG supplies as shipping traffic gradually returns to normal, resulting in better propane availability and lower prices
Stocks to Watch Today: Hindustan Unilever, Ramky Infrastructure, BSE, Gujarat Gas, Sundram Fasteners, Omnitech Engineering in focus on 5 March
Stocks to Watch, 5 March: Stocks like Hindustan Unilever, Ramky Infrastructure, Cyient, Protean eGov Technologies, BSE, Polycab India, Great Eastern Shipping Company, Gujarat Gas, and Omnitech Engineering will be in focus on March 5.
Aegis Vopak, Gujarat Pipavav shares fall up to 7% as shipping, logistics stocks slide on global supply disruptions
The weakness in shipping and logistics stocks today comes amid rising uncertainty in global trade and energy markets after the conflict in the Middle East disrupted tanker movements through the Strait of Hormuz.
Adani Ports, Aegis Vopak fall up to 6%; shipping, logistics stocks sink on Strait of Hormuz disruption fears
Among the sharpest losers in shipping and logistics stocks were Adani Ports and Special Economic Zone, Aegis Vopak Terminals and Essar Shipping, falling 5-6 percent each. The sell-off in logistics and port stocks comes as crude oil prices surged amid the Middle East conflict.
SCI, other shipping stocks rise up to 5% as US, Iran reach peace deal to reopen Strait of Hormuz
The waterway typically handles about one-fifth of global oil supplies and is a key transit corridor for crude oil, liquefied natural gas and other cargo shipments.
First Tick: Top global cues to watch in today’s trade
Crude oil surged above $100 a barrel for the first time since 2022 as escalating Middle East tensions and shipping disruptions dragged stocks and Treasuries lower.