Tag: crude oil prices
West Asia conflict poses downside risk, India GDP growth seen at 7.1 pc in FY27: Crisil Intelligence
Mumba: Conflict in West Asia, if prolonged, could pose a downside risk to India’s economic outlook due to its impact on crude oil and commodity…
Iran-Israel war: Every 10% rise in oil prices could shave 20–25 bps off India’s GDP growth, says HDFC Bank
Rising tensions in West Asia and the resulting volatility in oil prices could weigh on India’s economic outlook, with higher crude costs potentially slowing growth,…
Sensex drops over 1,000 points, Nifty 50 sheds 0.8% as Iran war whipsaws market| Business News
Indian benchmark shares fell on Wednesday, after a rebound in the previous session, as the Middle East war kept investors unsure about the impact on…
IndiGo among worst-hit as Iran war delivers crude shock to global airline stocks| Business News
India’s airline stocks took a severe beating on Monday, leading a broader Asian market selloff as surging crude oil prices and an escalating Iran war…
Brent crude oil prices spike toward $120/barrel Iran War forces more production cuts| Business News
Crude oil prices spiked dramatically toward $120/barrel as key Gulf producers curbed output, the vital Strait of Hormuz remained functionally closed, and the US threatened…
Rupee faces record low at open as $117 oil deepens deficit fears| Business News
The Indian rupee is poised to plunge to an all-time low at Monday’s open, battered by a relentless rally in global crude oil prices and…
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…
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…
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…
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…