brent crude

Oil prices fluctuated as US-Iran talks showed signs of progress, clashing with US military strikes on Iranian missile sites and vessels. Hopes for the Strait of Hormuz reopening were dampened by fresh clashes, adding to market uncertainty after a major energy shock.

Oil prices remained elevated as markets awaited confirmation of a fragile US-Iran ceasefire, with brent crude trading near $100 per barrel. Asian shares rose, led by Japan's Nikkei hitting a record high, though caution persisted regarding the impact of the ongoing conflict on global energy markets.

Indian oil company stocks surged up to 6% on Monday following a government fuel price hike. This rally was further boosted by a significant drop in global crude prices, driven by easing US-Iran tensions and hopes for the reopening of the Strait of Hormuz. Brent and WTI crude futures saw substantial declines, marking their lowest levels in two weeks.

Oil prices dipped Friday as traders reacted to reports of a potential 60-day extension to a US-Iran ceasefire, which could ease restrictions on the Strait of Hormuz. While US Vice President Vance indicated a deal is close, sticking points remain, and renewed tensions on the ground underscore the ceasefire's fragility.

Wall Street surged Tuesday, buoyed by optimistic Iran conflict talks and robust tech stock performance. Easing bond yields further supported the rally, pushing major indices near record highs. United Airlines and Carnival saw gains as oil prices stabilized. Micron Technology was a standout performer, driven by AI optimism.

Wall Street neared record highs as falling crude oil prices eased inflation concerns, boosting investor sentiment. Major indices saw gains, with technology and retail stocks performing well. However, oil and gas companies faced pressure, while Treasury yields declined amid reduced inflation worries.

The Indian Rupee experienced a dip early Tuesday, influenced by strong US dollar demand and rising crude oil prices. Geopolitical tensions and fresh attacks against Iran are impacting market sentiment. While the Reserve Bank of India's interventions are expected to stabilize the currency, ongoing peace talks and oil price fluctuations remain key factors to watch.

A prolonged closure of the Strait of Hormuz could trigger a severe global energy crisis, potentially pushing oil prices to $200 per barrel by late 2026. Wood Mackenzie's report outlines three scenarios, with the worst-case predicting a significant economic contraction. This warning echoes Iran's own earlier predictions amid escalating regional tensions.

With supply concerns mounting, crude oil prices have surged beyond the $100-per-barrel level, compared to nearly $70 before the conflict escalated. brent crude, remaining above $111 per barrel, has triggered wider effects across fuel prices, currencies, trade activity, and financial markets.

Oil prices surged over 2% on Monday, driven by escalating Middle East tensions and stalled de-escalation efforts. Reports of a nuclear power plant attack and potential US military options against Iran further unsettled markets. Both Brent and WTI crude saw significant gains, continuing a sharp rally from the previous week.

India's economy has faced significant challenges from global oil price surges over the past fifty years. From the 1973 Arab embargo to the recent Hormuz disruption, these shocks have impacted inflation and foreign exchange reserves. Policymakers have continuously adapted strategies to manage these crises, balancing economic stability with consumer needs.

Oil prices surged over 2% as Israel ordered troop deployments into southern Lebanon, escalating tensions with Hezbollah. This renewed fighting raises concerns for a US-Iran ceasefire extension and regional stability, impacting global energy supply outlooks. Mines in the Strait of Hormuz further complicate efforts to restore shipping traffic.

US stocks continued their record-setting rally, driven by strong earnings and AI optimism, pushing major indices higher. Despite inflation and geopolitical concerns, investor sentiment was buoyed by hopes of a US-Iran ceasefire extension, easing energy market pressures. Technology stocks, particularly Dell, led the gains as markets closed the week on a positive note.

Foreign portfolio investors continued their exit from Indian equities in May, withdrawing Rs 32,963 crore due to concerns over earnings growth and a weakening rupee. This outflow has pushed cumulative FPI withdrawals in 2026 to Rs 2.25 lakh crore, surpassing the entire previous year's figure. While selling intensity has eased, a turnaround in flows is unlikely without significant macroeconomic improvement.