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Trump has announced that Iran and Israel are seeking an immediate ceasefire, with Iran's military halting operations. Indian markets are likely to rebound, as easing West Asia tensions could pull crude oil prices lower and reduce pressure on the rupee and import bill.
Indian markets fell about 1.3% after the U.S. rejected Iran's latest response to a nuclear deal, raising fears of sustained high oil prices. Prime Minister Modi separately flagged concern over the rupee's slide, adding to pressure on a market already sensitive to oil costs and currency weakness.
India's state-owned oil marketing companies, IOC, BPCL, and HPCL, face an estimated Rs 1.2 lakh crore combined loss in Q1 FY26 as crude prices rise and LPG under-recoveries widen. With the Centre ruling out fuel price hikes, a full-year profit wipeout is now a real risk.
The UAE said Tuesday it will exit OPEC on May 1, 2026, removing the cartel's third-largest producer and weakening its pricing power. Crude oil rose to a near three-week high as markets factored in reduced OPEC coordination. US-Iran tensions and Strait of Hormuz disruption risk add further pressure on supply.
U.S. crude oil broke above $100 a barrel after the UAE said it would exit OPEC and Iran nuclear talks hit a wall. Both moves point to tighter global oil supply, pushing energy prices higher. The $100 threshold directly affects fuel costs and inflation.
Tag
Trump has announced that Iran and Israel are seeking an immediate ceasefire, with Iran's military halting operations. Indian markets are likely to rebound, as easing West Asia tensions could pull crude oil prices lower and reduce pressure on the rupee and import bill.
22d ago · 3 min · Markets
Indian markets fell about 1.3% after the U.S. rejected Iran's latest response to a nuclear deal, raising fears of sustained high oil prices. Prime Minister Modi separately flagged concern over the rupee's slide, adding to pressure on a market already sensitive to oil costs and currency weakness.
1mo ago · 3 min · Markets
India's state-owned oil marketing companies, IOC, BPCL, and HPCL, face an estimated Rs 1.2 lakh crore combined loss in Q1 FY26 as crude prices rise and LPG under-recoveries widen. With the Centre ruling out fuel price hikes, a full-year profit wipeout is now a real risk.
1mo ago · 3 min · Markets
The UAE said Tuesday it will exit OPEC on May 1, 2026, removing the cartel's third-largest producer and weakening its pricing power. Crude oil rose to a near three-week high as markets factored in reduced OPEC coordination. US-Iran tensions and Strait of Hormuz disruption risk add further pressure on supply.
2mo ago · 1 min · Global Affairs
U.S. crude oil broke above $100 a barrel after the UAE said it would exit OPEC and Iran nuclear talks hit a wall. Both moves point to tighter global oil supply, pushing energy prices higher. The $100 threshold directly affects fuel costs and inflation.
2mo ago · 1 min · Global Affairs
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