Brent crude oil prices witnessed an uptick following the ongoing geo-political conflict between Iran and Israel. With this, shares of several companies engaged in crude oil ended in the red. Amid this,

Shares of oil-sensitive sectors like oil marketing, aviation, and paints saw declines due to a spike in Brent crude oil prices amid escalating tensions between Israel and Iran. The BSE Sensex and NSE Nifty also dipped,

Iran tensions, though supply routes remain unaffected. Indian Oil Minister Hardeep Singh Puri says there is no need to worry and assures that India has sufficient fuel reserves.

Crude oil futures rally on Iran’s infrastructure hits. Traders eye $90 Brent as geopolitical risk premium returns and supply concerns grow.

Brent crude oil prices which have climbed by some 15% to US$74.10 per barrel, may see further upward pressure from the ongoing war in the Middle East.

The stocks snapped their two-day losing streak, which was earlier triggered by rising geopolitical tensions in the oil-rich Middle East.

The crude oil market continues to see a lot of noisy action, as the war between Israel and Iran will be front and center, as the market will continue to worry about production. The oil situation is one that was bullish a bit before the war,

Brent crude oil prices surge, impacting oil marketing companies, aviation, and paint stocks in India. Sensex and Nifty also see losses.

Brent crude prices have surged nearly 15 per cent since May amid rising tensions between Israel and Iran, prompting inflation concerns. However, economists expect the impact on India’s CPI to remain limited.