Energy policy expert Narendra Taneja expects stability to return within 7 to 10 days, as he predicts the US and Israel would likely call for diplomatic negotiations after their objectives are met.
Brent crude prices have surged around 10 per cent amid escalating tensions in the Middle East following ongoing military confrontation between Iran and the United States after the killing of Iran's Supreme Leader Ayatollah Ali Khamenei.
HSBC Global Investment Research has kept its Brent price forecast unchanged at USD 65 per barrel for 2026, even as it warned of rising risks following air strikes on Iran.
US President Donald Trump on Friday (local time) said the United States will refine Venezuelan oil in Texas for export, calling the plan beneficial for both nations and promising to help "build their country, which was a disaster."
Crude oil prices could surge to as high as USD 95 to USD 110 per barrel if Iran's oil supply and the Strait of Hormuz face disruption amid ongoing tensions, according to a report by Equirus Securities.
At the time of closing, Sensex settled 1068.74 points or 1.28 per cent lower at 82,225.92, while the broader Nifty was at 25,424.65, down 288.35 points or 1.12 per cent. The Nifty 50 index opened at 25,641.80, down by 71.20 points or 0.28 per cent, while the BSE Sensex opened at 83,052.54
Indian equity markets opened under pressure on Friday, with benchmark indices Nifty 50 and BSE Sensex declining amid rising geopolitical tensions between the US and Iran, higher crude oil prices, and cautious investor sentiment.
New Delhi [India], February 18: India is the world's second-largest producer of crude steel, yet the country imports significant volumes every year. In the fiscal year 2024, steel imports crossed 8.3 million metric tonnes, driven by surging demand from construction, infrastructure, and autom
The explosion occurred at the Makhati Gurucharan High School polling station in Mollakandi Union of Sadar upazila, drawing rapid response from law enforcement but no confirmed reports of casualties.
"The buying of crude oil, LNG, or LPG from the US is in India's strategic interest as we diversify sources. But the decisions are taken by the buyers themselves. The trade deal does not decide who will buy what and from where," Goyal told ANI.
Speaking to ANI, Sachdev said the US decision to reduce duties from a peak of 50% to 18% has removed a major irritant in bilateral ties, which had strained relations since April's Liberation Day announcement by US President Donald Trump. India had initially faced a 25% reciprocal tariff, fol