Crude oil settled sharply lower by 3.66% at Rs 7,837, as intensified U.S. economic pressure on Iran and its trading partners heightened uncertainty regarding the timing of a potential resolution to the conflict and the reopening of the Strait of Hormuz. U.S. Treasury Secretary Scott Bessent announced sanctions aimed at countries that persist in conducting Read More
Crude oil settled 0.99% higher at Rs 8,143 as the likelihood of a renewed agreement between the United States and Iran diminished following President Donald Trump’s indication of disinterest in extending the interim peace arrangement, which officially expired on Monday. The development heightened uncertainty regarding future oil flows, especially through the strategically significant Strait of Read More
Crude oil prices experienced a notable increase of 3.04%, closing at Rs 7,584. This rise was primarily influenced by heightened geopolitical tensions in the Middle East, which have rekindled apprehensions regarding global energy supplies. The United States has reinstated a naval blockade of Iran, as renewed hostilities between Washington and Tehran have heightened concerns regarding Read More
Crude oil prices experienced a significant decline of 4.24%, settling at Rs 6,669. This movement reflects increasing indications of enhanced global supply conditions alongside a reduction in geopolitical risks. Market sentiment showed signs of deterioration as an increasing number of oil tankers readied for transit through the Strait of Hormuz, alleviating fears regarding potential supply Read More
Crude oil prices surged by 5.49% to settle at Rs 8,736, marking a robust recovery primarily influenced by rising geopolitical tensions in the Middle East. Market sentiment shifted markedly towards optimism following reports that Iran halted communications and message exchanges with the United States as a reaction to Israel’s escalating military actions in Lebanon. The Read More
Crude oil prices experienced a notable increase of 4.5%, concluding at Rs 9,014. This rise is attributed to heightened geopolitical tensions stemming from U.S. military actions in Iran, which have amplified worries regarding possible interruptions to global oil supply routes via the Strait of Hormuz. Market sentiment exhibited significant volatility as optimism for a swift Read More
Crude oil prices declined by 3.28% to Rs 9,253, as sentiment was influenced by optimism regarding a potential de-escalation in the Middle East. Donald Trump indicated that U.S. forces might exit Iran in a matter of weeks, fostering optimism that the conflict could be resolved swiftly. Nevertheless, the circumstances continue to be ambiguous, as ongoing Read More
Crude oil prices surged by 2.89% to close at Rs 9,258, propelled by increasing geopolitical tensions and heightened worries regarding potential supply disruptions in the Middle East. The declaration of force majeure by Iraq concerning oilfields managed by foreign companies, coupled with the escalation of U.S. military presence in the area, has intensified concerns regarding Read More
Crude oil prices exhibited an upward trajectory, concluding with an increase of 1.43% at Rs 8998, driven by escalating geopolitical tensions in the Middle East. Recent threats from Iran’s Revolutionary Guards aimed at energy infrastructure in Saudi Arabia, the UAE, and Qatar have heightened apprehensions regarding potential supply disruptions. The uncertainty is compounded by attacks Read More
Crude oil prices experienced a significant increase in the prior session, closing 9.24% higher at Rs 8,107, driven by escalating supply concerns linked to the ongoing conflict involving the United States, Israel, and Iran. The conflict has interrupted supply chains originating from the Gulf region, constraining the global oil market and bolstering prices. The U.S. Read More
