Topic
crude oil
Commodities US Crude Bound for Israel for First Time Since 2023, Times of India Reports
A Times of India report headlined 'US crude bound for Israel for first time since 2023' was published on 1 August 2026. The source text supplied no additional details about the cargo, pricing, or routing.
Commodities Crude oil futures fall 3% to ₹7,811 per barrel as West Asia shipping improves
MCX crude oil futures fell 2.81% to ₹7,811 per barrel for August delivery on Friday, tracking weak global benchmarks as improved tanker movements through the Strait of Hormuz and Bab el-Mandeb eased geopolitical supply concerns. Prices remain pressured by lingering risks, including halted loadings at Kazakhstan's Black Sea terminal and the Houthi blockade threat.
Logistics Transponders Off: Saudi Crude Tankers for India Exit Red Sea 'Dark' to Avoid Houthi Blockade
Two oil tankers carrying Saudi crude to Indian refiners—the Suezmax Amazon and Aframax Rodos—switched off their Automatic Identification System (AIS) transponders to safely exit the Red Sea via the Bab el-Mandeb Strait, after Houthi rebels announced a blockade on Saudi shipments. The vessels, managed by Dynacom Tankers, changed course southward on July 22 and are now heading to India, with Rodos due at Mangalore on August 1 and Amazon expected in Chennai in early August. This is the first known instance of 'dark' sailing for Saudi crude tankers to India since the blockade began.
Logistics Scorpio Tankers Takes Minority Stake in Eight VLCC Newbuilds and Orders Two LR2s
Scorpio Tankers has taken a minority stake in an eight-vessel VLCC newbuilding venture and signed a letter of intent for two LR2 product tankers at Jiangsu Hantong Ship Heavy Industry. The company also completed MR newbuilding agreements at Jiangsu Yangzi-Mitsui. The moves expand Scorpio's directly controlled newbuilding programme to 14 ships, with exposure to additional eight VLCCs through the joint venture. Net income surged to $387.5 million in the second quarter.
Commodities India's Russian crude imports may hit 3 mbd record on Red Sea disruptions, Kpler says
India's crude oil imports from Russia could reach a new record of 3 million barrels per day (mbd) if disruptions through the Strait of Hormuz and Red Sea persist, according to Kpler. Current imports stand at about 2.6 mbd, accounting for roughly 55% of total crude imports, as Russian crude remains India's strongest supply hedge.
Commodities Shell Profits Double as Oil Prices Rise Due to Iran War
Shell reported a doubling of second-quarter profits to $9.84bn, driven by soaring oil prices following the outbreak of the US-Israel war with Iran. The conflict caused major disruption to global oil and LNG supplies through the Strait of Hormuz. Shell's first-half earnings surged 70% to $16.76bn.
Commodities Crude Oil Futures Fall Despite Intensified US-Iran Strikes in West Asia
Crude oil futures fell on Thursday despite ongoing US-Iran military strikes. October Brent dropped to $87.27, while WTI slipped to $83.72. The EIA reported a 7.2 million barrel decline in US crude inventories.
Commodities Oil Prices Jump Over 7% as Middle East Chaos Flares Up, Brent Crude Back at $90
Brent crude jumped 7.47% to $90.37/bbl and WTI rose 7.15% to $84.93/bbl after fresh US-Saudi strikes on Iran-backed groups in Iraq and Iranian attacks in the Strait of Hormuz. Industry data showed a 3.3 million barrel draw in US crude inventories, adding to bullish sentiment. Analysts expect volatile trade with Brent in the $80-$100 range.
Commodities ADNOC sells 12 million barrels of crude at premiums to Asian refiners in seventh tender amid Iran tensions
ADNOC sold at least 12 million barrels of spot crude to Asian refiners at premiums in its seventh tender since June, as renewed U.S.-Iran hostilities disrupted Strait of Hormuz flows. Chinese majors Unipec, PetroChina, and Sinochem bought Upper Zakum at $3-$4/bbl premiums, while Indian Oil Corp and Idemitsu Kosan secured cargoes at smaller premiums. Total sales via the seven tenders exceed 86 million barrels.
Commodities Crude Oil Futures Jump After US-Saudi Strikes on Iran-Backed Targets in Iraq
Crude oil futures rallied on Wednesday following joint US-Saudi military strikes against Iran-aligned targets in Iraq. Brent and WTI prices jumped over 3.5% as supply risks escalated, with the Jazan refinery shutdown and Strait of Hormuz traffic halted.
Commodities Crude Prices Climb Over 4% as Renewed Middle East Tensions and Inventory Draw Fuel Supply Fears
Oil prices rebounded sharply on Wednesday, with Brent crude climbing 4.41% to $87.80 per barrel and WTI gaining 4.23% to $82.61. Renewed Middle East tensions, particularly around the Strait of Hormuz, and a 3.3 million barrel draw in US crude inventories reversed the previous session's steep decline.
Logistics Pan Ocean Confirms Two VLCC Newbuildings at Qingdao Beihai Shipyard
South Korean shipowner Pan Ocean has confirmed a pair of VLCC newbuildings at CSSC-controlled Qingdao Beihai Shipbuilding. The 319,000 dwt ammonia-ready vessels are scheduled for delivery in September 2030, priced around $122m each, according to market sources. This follows a single same-design VLCC ordered in March, bringing Pan Ocean's VLCC orderbook at the yard to three ships.
Commodities Oil Prices Fall to One-Week Low as Hopes of US-Iran Breakthrough Ease Supply Concerns
Oil prices declined to a one-week low as expectations of a diplomatic breakthrough between the United States and Iran reduced supply worries. The development highlights the sensitivity of crude markets to geopolitical shifts in the Middle East. No specific price levels or volume data were provided in the report.
Commodities Crude oil futures fall on Trump’s ‘good talks’ comment on Iran
Crude oil futures declined on Tuesday after US President Donald Trump said the US was engaged in 'good talks' with Iran. October Brent fell 1.08% to $84.94, and September WTI dropped 1.14% to $81.67. Meanwhile, the Caspian Pipeline Consortium resumed oil lifting at its Marine Terminal.
Commodities Global crude oil prices plunge around 7% after US and Iran pause military strikes over weekend
Global crude oil prices plunged around 7% on July 27, 2026, after the United States and Iran paused military strikes over the weekend. Brent crude traded 7.2% lower at $89.74 per barrel, while West Texas Intermediate fell 6.6% to $83.36 per barrel, according to News on AIR.
Commodities India's average crude oil basket price plunges to $77.6/bbl in July from $114.5 in April
India's average crude oil basket price declined to $77.6 per barrel in July (up to July 22) from $114.5 per barrel in April 2026, according to the government. The drop, driven by easing geopolitical tensions in West Asia, is expected to support India's external sector and mitigate current account deficit pressures. The RBI has projected GDP growth of 6.6% and CPI inflation of 5.1% for 2026-27.
Commodities Crude Oil Falls as US and Iran Halt Weekend Strikes, Easing Geopolitical Risk Premium
Crude oil futures fell sharply on Monday morning after the US and Iran halted strikes against each other over the weekend, with Brent dropping 4.23% and WTI falling 4.90%. The de-escalation marked the first tangible signal of reduced hostilities after 13 days of strikes, though analysts caution that recovery hinges on lasting peace and safe navigation through the Strait of Hormuz. Meanwhile, Houthi attacks on Saudi Arabia's energy facilities continued, adding another layer of supply risk.
Commodities Oil Prices Tumble 5% on US-Iran Pause, Fueling Hopes of Diplomatic Breakthrough
Oil prices fell sharply on Monday after the US and Iran paused hostilities over the weekend, sparking hopes of a diplomatic solution. Brent crude dropped 4.52% to $92.41 a barrel, while WTI fell 4.81% to $85.01. The retreat follows three weeks of gains, though shipping through the Strait of Hormuz remains subdued.
Commodities Gold and Silver Await Fed Decision Amid Geopolitical Tensions and Crude Oil Volatility
Gold and silver ended last week on a stronger note, with Comex gold rising 1.3% and silver nearly 5%. This week, the Federal Reserve's interest rate decision, US-Iran tensions, and crude oil price movements will drive bullion. Analysts note range-bound trading amid geopolitical uncertainty and continued official-sector buying.
Commodities Russian Supply Disruption and Red Sea Threats Pose Fresh Risk to India's August Crude Imports
India's August crude oil imports face risk from Russian supply disruption after Ukrainian attacks on Novorossiysk port, as well as continued Houthi threats to Red Sea shipping. Russia, which supplies 50% of India's imports, saw July exports drop ~400,000 bpd MoM. Higher freight costs and shrinking discounts on Urals crude threaten to inflate India's import bill. Brent crude futures rose above $100/bbl on July 23.
Commodities India's Strategic Reserves Strategy: Crude Oil, LPG, and LNG for Energy Security
India is strengthening its energy security with strategic reserves for crude oil, LPG, and LNG. Current SPR capacity is 5.33 MMT (9.5 days of consumption), with plans to expand to 11.88 MMT. Experts advocate a three-tier policy: large physical crude reserves, distributed LPG reserves, and virtual LNG reserves to cover 90 days of consumption.
Commodities Brent crude hovers above $100 a barrel as tensions escalate in West Asia
Brent crude futures held above $100 a barrel as the US continued airstrikes against Iran and Houthi attacks raised risks to Saudi oil flows. The September ICE Brent contract was at $100.66, while WTI traded at $91.95. Supply disruptions through the Strait of Hormuz and the CPC terminal in Russia add to geopolitical premium.
Commodities Oil Holds Above $100 as Red Sea Attacks and Kazakhstan Outage Tighten Supplies
Oil prices have staged a sharp comeback, with Brent crude holding above $100 a barrel after Iran-aligned Houthi rebels attacked Saudi oil tankers in the Red Sea and a suspected Ukrainian drone strike forced the closure of Kazakhstan's main Black Sea export terminal. The twin disruptions have renewed fears over global energy supplies, reversing earlier hopes of easing Middle East tensions.
Commodities Brent crude tops $100 on Red Sea attacks, Houthis claim strikes on Saudi tankers
Brent crude climbed above $100 per barrel for the first time since May after Yemen's Houthi group claimed responsibility for attacking two Saudi oil tankers in the Red Sea. The geopolitical risk premium drove prices sharply higher, with Brent trading at $100.79 per barrel, up 7%, and WTI at $91.83 per barrel. Analysts warn of further upside if Strait of Hormuz exports are disrupted.
Commodities Brent crude tops $100 a barrel as West Asia conflict fuels oil supply fears
Brent crude oil briefly topped $100 per barrel for the first time since May, surging 6.2% to $99.94 after attacks on two Saudi oil tankers in the Red Sea heightened supply fears. The price had fallen below $72 just weeks ago, roughly back to pre-Iran war levels.
Commodities BPCL: No discounts on Russian crude for September cargoes amid Houthi threats
Bharat Petroleum Corporation (BPCL) reported that traders have stopped offering discounts on Russian crude for September 2026 delivery, as Houthi threats in the Bab al-Mandab Strait push Brent crude past $100 per barrel. The company has secured July/August supplies and booked some September cargoes, but faces uncertainty on future discounts. BPCL also posted a consolidated net loss of Rs 1,873 crore in Q1 FY27, citing stable retail fuel prices and LPG under-recoveries.
Commodities Oil Prices Hit $100 for First Time Since May as Middle East Conflict Escalates
Oil prices hit $100 a barrel for the first time since May as the escalating conflict in the Middle East reignited fears over global energy supplies, according to BBC. Brent crude rose more than 5% on Thursday after several days of increases, with the US stepping up military strikes against Iran. Houthi militia attacks on oil tankers in the Red Sea and a failed ceasefire between the US and Iran have further tightened supply concerns.
Commodities Alderney electricity bills to be subsidised as barrel of crude oil nears $100
The States of Guernsey has approved a £200,000 temporary subsidy for Alderney Electricity (AEL) to offset electricity bills if the price of crude oil exceeds $100 per barrel. With the current price at $99.76 according to the Financial Times, the subsidy aims to protect the island's 2,167 residents from exceptional fuel price increases, as Alderney relies on diesel generation unlike its sister islands.
Commodities MRPL diversifies crude sourcing to strengthen supply security amid geopolitical risks
Mangalore Refinery and Petrochemicals Ltd (MRPL) has diversified its crude oil sourcing to 273 grades from Asia, South America, Africa, the US and Russia, processing new crudes like Hout, Mostarda, Gindungo and Sarir Mesla. The strategy, detailed in MRPL's 2025-26 annual report, aims to reduce dependency on any single source and enhance supply security amid geopolitical tensions, particularly around the Strait of Hormuz. MRPL also collaborated with Indian Strategic Petroleum Reserves Ltd to utilize underground storage for crude inventory management.
Commodities Crude oil tops $96 as Houthis target Saudi tankers in Red Sea
Brent crude futures surged above $96 per barrel on Thursday following reports that Iran-backed Houthis attacked two Saudi oil tankers in the Red Sea. US military strikes on Iranian assets and an EIA report showing a build in US crude inventories added to market dynamics.
Commodities Brent Crude Tops $96 as US-Iran Tensions and Houthi Attacks Escalate
Oil prices surged to six-week highs as the US launched new strikes on Iran and Yemen's Houthis attacked oil tankers in the Red Sea. Brent crude rose $1.93 to $96 per barrel, while WTI gained 1.7% to $88.27. Iran's Revolutionary Guards claimed control of the Strait of Hormuz and declared it closed, while the Houthis announced a naval blockade of Saudi Arabia. US crude stocks rose 2 million barrels last week, countering expectations of a draw.
Commodities BPCL Posts Rs 3,962 Crore Q1 Loss as High Crude Oil Prices Squeeze Fuel Margins
Bharat Petroleum Corporation Ltd (BPCL) posted a consolidated net loss of Rs 3,962.13 crore for the April-June quarter, its first loss in 15 quarters, due to elevated crude oil prices and suppressed fuel prices. The company and other oil marketing companies kept fuel prices below cost for most of the quarter despite a more than 50% surge in crude oil prices following the West Asia conflict escalation.
Commodities Boiling point? Brent crude touches five-week high, here's what analysts expect next for oil markets
Brent crude reached a five-week high above $94 per barrel as US-Iran tensions intensified. Analysts expect prices to remain in the $90-100 range barring a major supply disruption. Key support and resistance levels are identified for traders.
Commodities Crude Oil Futures Rise as US Strikes on Iran Continue for 11th Day
Crude oil futures climbed on Wednesday as US forces continued strikes on Iran for an 11th consecutive day. September Brent reached $92.15/barrel and September WTI $85.25/barrel, supported by geopolitical tensions affecting shipping lanes. Analysts at ING Think noted that risks to Saudi exports from the Red Sea and disruptions at Russia's CPC terminal may leave Brent undervalued.
Commodities Crude Oil Futures Slide on Ceasefire Hopes Between US and Iran Amid Houthi Blockade Threat
Crude oil futures declined on Tuesday amid reports of a potential 10-day ceasefire between the US and Iran. September Brent fell 0.77% to $88.53, while WTI dropped 0.38% to $82.17. Meanwhile, Houthis in Yemen announced a naval blockade on Saudi Arabia, threatening oil flows through the Bab el-Mandeb Strait, and US forces conducted additional strikes against Iranian targets.
Commodities Hormuz Disruptions: India's Russian Oil Imports Near Record in July Despite No US Sanctions Waiver
India's crude oil imports from Russia stayed near record highs in July, averaging 2.45 million barrels per day, despite the US not granting a sanctions waiver. UAE and Saudi Arabia are the second and third largest suppliers, while Venezuela entered the top five. Industry experts highlight India's flexible sourcing strategy amid the Hormuz disruption.
Commodities US fuel prices rise: Gasoline returns to $4 per gallon after Middle East flare-up
A report from Times of India indicates that US gasoline prices have risen to $4 per gallon after a Middle East flare-up. The headline highlights the renewed price level, though no further details on specific contracts or volumes were provided.
Somali Pirates Seize Tanker Off Yemen and Steer It Towards Puntland, Reviving Maritime Security Concerns
Suspected Somali pirates have hijacked the Tanzanian-flagged chemical tanker Asana off Yemen and steered it towards Puntland, Somalia. The vessel was seized on Friday after departing Mukalla, with seven armed pirates on board. This incident underscores a sustained revival of Somali piracy in the Gulf of Aden and western Indian Ocean, posing direct operational risks for vessels in the region.
Finance Rupee falls 12 paise to 96.42 as Middle East tensions lift crude oil prices above $90
The Indian rupee weakened 12 paise to 96.42 against the US dollar in early trade on Monday, driven by rising crude oil prices and escalating Middle East tensions. Foreign capital outflows and a decline in domestic equity markets added pressure. Brent crude surged 2.45% to $90.26 a barrel following a collapse of the US-Iran interim agreement and stalled shipping through the Strait of Hormuz.
Commodities Oil Prices Jump 3% as US-Iran Conflict Intensifies, Brent Crude Tops $90 per Barrel
Oil prices rallied on Monday as US-Iran conflict intensified, with Brent crude topping $90 per barrel and WTI reaching $84.20. The surge follows sustained military strikes and shipping disruptions through the Strait of Hormuz, where passage slowed to just four vessels on Sunday. A Barclays analyst warned that markets remain too complacent about the impact on inventories.
Commodities Gold Slips as Middle East Tensions Push Crude Higher; Silver Also Declines
International gold prices slipped as rising Middle East tensions pushed Brent crude above $90/barrel, reviving inflation concerns. Spot gold fell 0.4% to $4,000.55/oz, while Comex gold futures for August delivery dropped 0.3% to $4,005.9. Silver also declined sharply. Physical demand weakened in Asia, with Indian discounts widening to near one-month highs.
Commodities Brent crude trades above $90 a barrel on escalating US-Iran hostilities
Brent crude oil futures rose above $90 per barrel on Monday as escalating hostilities between the US and Iran raised supply concerns. September Brent contracts traded at $90.27, up 2.46%, while WTI stood at $83.64. ING Think analysts warned of potential wider Persian Gulf attacks and disruption to Strait of Hormuz flows.
Commodities India’s Record $5.14 Billion Russian Crude Imports in June Bolster Energy Security Hedge
Indian refiners bought a record $5.14 billion worth of Russian crude oil in June 2026, according to CREA. Imports rose 34% month-on-month, with Jamnagar refinery seeing a 150% increase. The average price of Urals crude fell 26% to $63.18 per barrel, still above the EU/UK price cap.
Commodities Global Crude Oil Prices Surge Around 16% Amid US-Iran Retaliatory Strikes
Global crude oil prices surged around 16% this week driven by an escalation in fighting between the US and Iran, with both sides trading retaliatory strikes. Brent crude September futures on the ICE settled at $88.10 per barrel, up 15.9%, while WTI crude August futures on NYMEX ended at $82.49 per barrel, up 15.5%.
Commodities Strait of Hormuz closure: Why crude oil prices haven’t spiralled out of control amid US-Iran conflict
The closure of the Strait of Hormuz caused the biggest oil supply disruption in history, removing 13.6 million barrels per day (13% of global output). Yet crude prices only briefly touched $144/barrel before easing, far below inflation-adjusted levels of previous crises. According to the Asian Development Bank and industry experts, the market's resilience stems from non-OPEC production growth, alternative export routes, US record exports, and China's energy transition.
Commodities Why Has China's Oil Imports Fallen So Sharply, and What Does It Mean for Global Markets?
China's oil imports have dropped sharply from an average of 11.5 million bpd to around 8 million bpd since April, with June shipments at 40% of pre-Iran war levels. The decline, driven by lower fuel demand, electrification, and economic slowdown, has kept global prices in check but raised uncertainty about permanence.
Commodities Russia to Continue Supplying Half of India's Crude Oil Imports in July and August
India's crude oil imports from Russia are expected to keep June's record pace in July and August, with Russian barrels accounting for over half of shipments. Refiners are leveraging Russian crude as a hedge against supply disruptions from the Strait of Hormuz, while West Asian producers like Saudi Arabia and UAE try to regain share with price cuts and alternate routes.
Commodities IEA warns global energy security at risk if Strait of Hormuz oil flows are not restored
IEA Executive Director Fatih Birol warned on July 17, 2026, that global energy security is at risk if oil flows through the Strait of Hormuz are not restored in the next few weeks. The waterway has been mostly blocked since the conflict began on February 28 with U.S. and Israeli strikes on Iran. Birol highlighted that China's stockpile of over 1 billion barrels and an IEA-coordinated release of up to 400 million barrels have moderated price rises, but these measures cannot last indefinitely.
Commodities Crude Heads for Biggest Weekly Gain in Months Amid Intensifying Middle East Crisis
Crude oil prices surged on Friday, with Brent and WTI heading for their biggest weekly gains in three months as US military strikes on Iran intensified. The escalation, which resumed less than a month after a June 17 ceasefire agreement, has revived fears over the Strait of Hormuz and potential supply disruptions.
Crude Oil Futures Edge Lower Despite US Strikes on Iran; Supply Disruptions Loom
Crude oil futures traded marginally lower on Thursday despite US airstrikes on Iranian facilities. September Brent was at $84.70, down 0.29%, while WTI fell 0.19% to $79.45. US EIA data showed a 1.7-million-barrel draw in commercial crude inventories. Analysts from ING Think flagged risks of renewed supply disruptions amid depressed tanker traffic through the Strait of Hormuz and the impending end of SPR releases.
Commodities Oil Prices Extend Gains for Fourth Day, Hold Above $85 Amid US-Iran Escalation
Crude oil prices extended gains for a fourth consecutive session, with Brent trading at $85.48/bbl and WTI at $80.27, as US military strikes on Iran escalated Middle East tensions. Analysts warn of supply disruptions through the Strait of Hormuz and Bab el-Mandeb. Goldman Sachs projected Brent could rise above $110 if Gulf exports face delays.
Commodities Crude Oil Futures Rise as Trump Threatens Strikes on Iran's Energy Targets
Crude oil futures traded higher on Wednesday after US President Donald Trump threatened to strike energy targets in Iran. September Brent rose 0.93% to $85.52 and August WTI gained 0.66% to $79.86 on geopolitical supply disruption fears. Trump's comments follow ongoing attacks between US and Iranian forces in West Asia.
Logistics DHT Holdings Secures Three-Year VLCC Time Charter at $75,000 Per Day for DHT Jaguar
New York-listed VLCC owner DHT Holdings has fixed its 2015-built DHT Jaguar on a three-year time charter with an unnamed global energy company at $75,000 per day, starting September. The deal adds long-term forward cover into 2029 and follows earlier high-paying fixtures. DHT reported strong Q2 fleetwide TCE earnings of $126,700 per day, with spot VLCCs earning $162,600 per day.
Commodities Crude oil futures surge after Trump reinstates naval blockade of Iranian ports
Crude oil futures rose sharply on Tuesday after US President Donald Trump reinstated a naval blockade of Iranian ports. September Brent crude climbed 1.78% to $84.78/barrel, while WTI gained 2% to $79.70. The move includes a 20% fee on cargo passing through the Strait of Hormuz, which analysts estimate could add $16/barrel in costs. US Central Command also conducted airstrikes on Iranian military targets, deploying over 50,000 troops.
Commodities Crude Oil Futures Jump Over 4% as US-Iran Strikes Threaten Strait of Hormuz
Crude oil futures jumped more than 4% on Monday after the US and Iran launched attacks against each other and Iran announced closure of the Strait of Hormuz. September Brent reached $79.13, up 4.1%, while WTI rose 4.12% to $74.35. Escalation has slowed vessel transits, raising fears of oil supply tightness through Q3.
Commodities Crude Oil Futures Gain on Reports of Iranian Strikes on US Military Targets in West Asia
Crude oil futures gained on Friday morning following reports of Iranian armed forces launching attacks on US military infrastructure in West Asia. At 9:36 am, September Brent oil futures were at $76.64, up 0.45%, and August WTI crude oil futures at $72.40, up 0.44%. The escalation follows recent US strikes on Iranian targets, including approximately 90 military assets on July 8 and 80 on July 7, in response to attacks on commercial shipping in the Strait of Hormuz.
Logistics Ovkianvance Port acquires vintage non-sanctioned VLCC Takai in muted S&P market
Tanker sale and purchase activity remains subdued this month. Hong Kong-based Ovkianvance Port has acquired the 299,000 dwt VLCC Eclat, now renamed Takai, for an estimated $52 million. The vintage non-sanctioned vessel, built in 2004, is now trading under the Sierra Leone flag.
Commodities Crude oil futures rise as US continues attacks on Iran, Strait of Hormuz tanker crossings plunge
Crude oil futures advanced on Thursday after US forces conducted a second day of strikes against Iranian military targets, escalating tensions in the Strait of Hormuz. September Brent rose 1.12% to $78.89/barrel, while August WTI gained 1.14% to $74.36. ING Think strategists noted the ceasefire appears on life support, and vessel tracking data showed Strait of Hormuz tanker crossings fell to just seven, the lowest since June 21.
Commodities Crude Chaos: Oil Near $80 a Barrel After Trump Declares US-Iran Ceasefire ‘Over’
Oil prices surged toward $80 a barrel after US President Donald Trump declared the US-Iran ceasefire 'over' and launched fresh strikes. Brent crude rose 1.31% to $79.04, extending a 5% rally. Maritime authorities raised the Strait of Hormuz threat level to 'severe' following tanker attacks, reigniting inflation fears.
Commodities Indian Basket Crude Prices Return to Pre-Conflict Levels, Reports Business Today
Business Today has reported that Indian basket crude prices have returned to pre-conflict levels. The article, authored by Atul Mathur, provides no additional data or analysis.