Oil prices are holding steady. Investors are watching threats between the US and Iran. Potential Iranian oil supply is expected. Brent crude is near $111 per barrel. West Texas Intermediate is around $98. Prices could rise further if the conflict continues. Experts predict Brent could reach $120 or even $150 per barrel.Read More
Markets closed last week with a negative bias, anticipating a data-sensitive upcoming week influenced by global uncertainties. West Asia conflict and crude oil prices are key external drivers. The Indian rupee experienced its steepest single-day fall since late 2022 due to surging oil prices.Read More
Global markets tumbled as escalating US-Iran tensions and prolonged Israeli conflict sent oil prices soaring. Asian shares and futures dipped, with investors bracing for weeks of fighting. This inflationary shock has extinguished hopes for rate cuts, pushing central banks towards hikes and hammering bonds. The dollar strengthened as a safe haven.Read More
Oil prices saw a slight dip as markets grappled with escalating U.S.-Iran tensions threatening energy infrastructure, juxtaposed with the release of Iranian oil. Despite short-term profit-taking, analysts predict a surge towards $120. The conflict has severely impacted Gulf production and shipping, prompting Iraq to declare force majeure and India to consider resuming Iranian oil imports.Read More
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