BPCL, HPCL, IOC shares jump up to 5% as oil’s skyrocketing rally cools down on fresh Iran-US peace talk hopes

OMC stocks surged as easing oil prices, driven by renewed hopes of US-Iran peace talks, lifted sentiment. Crude remained below the key $100 mark, reducing margin pressure concerns. Improved geopolitical outlook and steady vessel movement through Hormuz supported gains, while refiners also traded higher amid broader optimism in energy markets.