The intensifying conflict in West Asia has caused a new shock to the world’s energy markets, driving up crude prices dramatically, interfering with the flow of gas and oil across the Strait of Hormuz, and compelling big importers like India to strengthen their supply plans. This week’s 24% increase in Brent crude futures is the…
According to a Crisil Ratings assessment, several Indian economic sectors, including basmati rice, fertilizers, airlines, and energy-related industries, could be affected by rising geopolitical uncertainty in the Middle East and disruptions to maritime traffic through the Strait of Hormuz. Given their direct exposure to the region, industries such as basmati rice, fertilizers, diamond polishing, travel…
Brent crude increased $1.1, or 1.4%, to $82.52 a barrel on Wednesday after closing Tuesday at its highest level since January 2025 as mounting tensions in West Asia continued to disrupt supply sentiment. US West Texas Intermediate (WTI) crude settled at its highest level since June before rising 40 cents, or 0.5%, to $74.96. US…
On March 4, the Indian rupee hit a fresh low of Rs 92 per dollar as investors rushed to safe-haven assets amid rising oil prices due to geopolitical unrest in the Middle East. Compared to Rs 91.47 during the previous trading session, the local currency was trading at Rs 92.17 to the dollar. On March…
The ongoing tension in the Strait, a major route for global oil transportation, has investors worried.Crude oil prices in the international market rose more than 7 percent in a single day on Monday. US crude oil prices rose 7.4 percent to $71.97 a barrel, while Brent crude oil prices rose 7.7 percent to $78.46. However,…
As the U.S. and Israeli air campaign against Iran intensified, investors sought safe-haven assets, boosting concerns that the conflict could escalate into a protracted regional war and increase uncertainty. As a result, gold prices increased for the fifth straight session on Tuesday. At $5,362.90 an ounce, spot gold was up 0.7%. After the United States…
As a result of the West Asia war pushing crude prices higher and causing a flight to safe havens, benchmark indices, the Sensex and Nifty, plummeted more than 1.2% on March 2. The BSE Sensex fell 1.29% to 80,238.85, the lowest level in six months, while the Nifty 50 fell 1.24% to a one-month low…
If the tension between the United States and Iran increases, the oil market will be affected first, because Iran is a major oil supplier to the world and most of its oil passes through the Strait of Hormuz. If there is a problem in that area, the fear of a shortage of oil supply arises…
Today, the commodity market is in the spotlight amid intensifying violence in West Asia. Sharp price movement has been observed in commodity prices amid the increased geopolitical tensions surrounding the US and Israeli attack on Iran. Silver is trading about $95/oz, while Brent Crude has surged to around $80/bl. Gold is stable at $5,300 per…
Investors are now paying close attention to rising tensions in the Middle East after the US-Iran nuclear talks failed several times. In recent days, traders have been buying more “call options” on Brent crude oil in anticipation of further gains, according to Saxo Bank. Oil prices were supported by reports that crude oil inventories in…
