Tag: crude oil prices
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…
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…
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…
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…