Tag: crude oil prices

The National Stock Exchange building in Bandra Kurla Complex, Mumbai. The geopolitical premium has already taken a toll on Dalal Street. (Reuters)
Posted in Business

Sensex slumps ~2,500 points, Nifty 50 down 2.8% as oil boils amid Iran war| Business News

India’s stock market slumped at the open today, as the widening Iran war in West Asia sends crude oil prices soaring, threatening to reignite domestic…

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The Bombay Stock Exchange building on Dalal Street, Mumbai. (PTI)
Posted in Business

Sensex, Nifty 50 open gap-down as Iran war, crude oil shocks trigger selloff| Business News

India’s stock market tumbled on Friday joining a global retreat as an escalating military conflict involving the United States, Israel, and Iran sent shockwaves through…

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FILE PHOTO: An aerial view Port of Fujairah, United Arab Emirates in the strait of Hormuz, December 10, 2023. REUTERS/Stringer/File Photo (REUTERS)
Posted in Business

Iraq cuts crude oil production as blocked Strait of Hormuz fills up storage| Business News

Iraq has started shutting crude oil production at its biggest oilfields and is set to make even deeper reductions in the coming days—the clearest sign…

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Posted in Economy

Iran war disrupts global ocean freight and air cargo supply chains beyond oil

NEW YORK: The Iran war has effectively halted oil tanker movement in the key Strait of Hormuz. But it’s also disrupting the wider global supply…

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Posted in Economy

West Asian crisis: India braces for market impact; growth momentum on track

New Delhi: India is bracing to contain the impact of an expected sharp volatility in the global markets in the short term, senior government officials…

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Prime Minister Narendra Modi. As of January, the Middle East accounted for 55% of India’s crude oil imports, or roughly 2.74 million barrels per day.
Posted in Business

Crude shock for India as New Delhi emerges most vulnerable to Iran war| Business News

The Iran war has exposed a structural weakness in India’s economic engine—a precarious lack of oil buffers. As Israeli and US strikes on Iran effectively…

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An Indian Oil fuel station in Baghola, Haryana, India has since kept Russian oil purchases to a minimum to score a trade deal with the US. (Reuters)
Posted in Business

Indian Oil-led refiners eye Russian crude oil again as Iran war chokes Strait of Hormuz| Business News

India’s state-run refiners led by Indian Oil Corp. Ltd. met government officials over the weekend to hammer out contingency plans as an escalating Iran war…

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A 40% surge in Corona Remedies' share price gave the company a market capitalisation of nearly  ₹9,000 crore. (HT)
Posted in Business

Sensex down 2,743 points, Nifty 50 well below 25,000 as Iran war ignites stock market| Business News

Dalal Street in Mumbai was engulfed in panic on Monday as India’s benchmark indices Sensex and Nifty 50 cratered at the opening bell, with investors…

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The National Stock Exchange building in Bandra Kurla Complex, Mumbai.
Posted in Business

Sensex down 1,000 points, Nifty 50 slips below 25,000 as Iran war rages| Business News

Updated on: Mar 02, 2026 9:28:55 AM IST The National Stock Exchange building in Bandra Kurla Complex, Mumbai. India’s stock market is bracing for a…

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Traders reckon that the Reserve Bank of India will likely step in to avert a sharp slide in the rupee against the US dollar. (PTI)
Posted in Business

Rupee to fall past 91/dollar as Iran war puts crude oil on the boil| Business News

The rupee is expected to fall past the 91 per dollar mark on Monday after the US and Israel bombed Iran over the weekend, risking…

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