Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Monday meltdown as Sensex tanks over 2,000 points over oil, Gulf crisis - India Today
Monday meltdown as Sensex tanks over 2,000 points over oil, Gulf crisisIndia Today
Crude oil prices surge 20% to cross $110 per barrel as gulf countries cut production on Iran war
A number of Gulf countries have or have threatened to cut back on production as they run out of storage capacity. Passage through the Strait of Hormuz has stopped almost completely due to the ongoing US-Iran war. Both Brent, and US Crude futures are trading with gains of close to 20% at the start of trade.
Gulf crisis, crude oil price to shape stock market sentiment this week - Tribune India
Gulf crisis, crude oil price to shape stock market sentiment this weekTribune India
Oil and gas prices rapidly rise as Iran war shows no signs of letting up
Oil prices have surged after the US–Israel attacks on Iran escalated into a wider Middle East war, disrupting energy supplies and shipping in the region. Tankers carrying about 20 million barrels of oil a day are stranded in the Persian Gulf due to safety risks around the Strait of Hormuz, while damage to oil and gas facilities has further tightened supply.
'To take a little pressure off': Trump on US granting 'permission' to India to accept Russian oil
US President Donald Trump on Saturday (US local time) spoke to the media about several developments in the wake of the unfolding security situation in West Asia and the Gulf and responded to the announcement by US Treasury Secretary Scott Bessent on temporarily allowing India to purchase Russian oil.
Hormuz shutdown worsens after US hits Iranian warship; tankers stranded for fifth day
The U.S. submarine strike on the Iranian vessel came as U.S. President Donald Trump pledged to provide insurance and navy escorts to ships exporting oil and gas from the Middle East in a bid to contain soaring energy prices. At least 200 ships, including oil and liquefied natural gas tankers as well as cargo ships, remained at anchor in open waters off the coast of major Gulf producers including Iraq, Saudi Arabia and Qatar, according to Reuters estimates based on ship-tracking data from the MarineTraffic platform.
Oil prices fall after report of possible US-Iran talks amid Gulf turmoil
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
Asia most vulnerable to oil price rise, prolonged West Asia conflict to influence region's macro outlook: Invesco report
Iran war: Asia faces significant risks from rising oil prices. Its heavy reliance on imported energy makes it vulnerable. Prolonged geopolitical shocks disrupting Gulf exports could impact the region's economy. Sustained higher oil prices would negatively affect stocks. Countries like Thailand, India, Korea, and the Philippines are most at risk. Malaysia, an energy exporter, could benefit.
Oil up modestly after Trump pledges insurance for ships transiting Strait of Hormuz
Brent crude edged higher in early trade after US President Donald Trump vowed political risk insurance for vessels in the Gulf and signalled Navy escorts if needed, easing market fears after recent sharp gains.
India says oil stocks enough to absorb short-term shocks
India has assured sufficient oil stocks to handle any short-term disruptions from the Gulf conflict. This comes after an Iranian drone attack impacted Qatar's LNG facility, India's top supplier. State-run gas marketers have cut supply to several industries. The Strait of Hormuz remains blocked.
West Asia tensions rattle Dalal Street; pharma and metals buck the trend
West Asian conflict's spillover to India fueled investor uncertainty, impacting sectoral indices except pharmaceuticals and metals. Export-facing sectors and those reliant on crude oil and Gulf imports face adverse effects. Oil and gas stocks saw mixed reactions, with upstream companies benefiting from rising crude prices.
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.