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Oil prices saw a minor dip on Thursday following significant gains. This movement occurred amidst stalled peace talks between Iran and the United States. Both nations continue to restrict trade through the vital Strait of Hormuz. U.S. oil exports reached a record high as global demand increased due to disruptions linked to the Iran war.
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Gold prices held steady amidst market uncertainty as tensions between the US and Iran escalated. Iran’s seizure of two ships in the Strait of Hormuz followed President Trump’s unilateral ceasefire extension. Investors are closely watching for any signs of renewed peace talks, while inflation concerns and upcoming economic data also influence market sentiment.
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Global markets are reacting to rising tensions in the Middle East. Iran seized two ships, escalating the conflict. Oil prices have surged past $100 per barrel. This is impacting investor sentiment and the global economy. Peace talks remain stalled, with disagreements on key issues. The dollar is holding near a recent high.
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PNB Housing Finance anticipates strong loan portfolio expansion of 18-20 percent this fiscal year. The company aims to reach a significant loan book of one lakh crore rupees by FY27. This growth will be fueled by a strategic focus on affordable and emerging market segments. Recoveries from written-off loans are expected to maintain benign credit costs.
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