WTI Crude

Petrol and diesel prices remain unchanged on Thursday, but the CNG cost has risen by ₹2/L in at least 8 states

Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokepoint approach prewar levels.

Crude oil prices reach near one -month highs as the US plans extensive sanctions against Iran, aiming to isolate the country economically. Brent crude rose almost $3 to $92 a barrel while WTI jumped 3.3% to $86.72, amid rising tensions and Trump's warnings about economic penalties.

Crude oil prices surged on 29 July after Trump warned of consequences for Iran following attacks on US forces. Brent crude increased 7.5% to $84.58, while WTI rose 6.3% to $85.53. Renewed hostilities raised supply disruption fears amid fragile ceasefire hopes.

Crude oil prices fell over 5% on Tuesday, driven by hopes of a US-Iran diplomatic breakthrough, easing supply disruption fears. Brent crude dropped to $80.67 and WTI to $77.83, continuing a downward trend after recent military de-escalation and renewed diplomatic efforts in the region.

Oil futures fell over 3% due to disruptions in the Red Sea and heightened U.S.-Israeli-Iran tensions. Brent dropped to $97.10, but is on course for a 10% weekly gain, while WTI is set for an 8% increase amidst fears of further supply constraints.

Crude shipments through the Strait of Hormuz increased this week to their highest level since the US-Iran war began in February after a ceasefire deal reopened the waterway, data showed.

Crude oil prices have retreated more than 36% from the highs of nearly $120 per barrel reached during the peak of the recent US-Iran war in the Middle East earlier this year.

Indian stock markets kicked off the week with a massive rally as the Sensex surged over 1,200 points and the Nifty approached the 24,000 mark. The rally came after the United States and Iran announced a peace agreement, easing fears of a prolonged conflict in the Middle East. Crude oil prices tumbled to their lowest levels in more than three months as markets welcomed plans to reopen the Strait of Hormuz, a key global oil shipping route. Brent and WTI crude both posted sharp declines, boosting sentiment across global equity markets. In this video, we break down how the U.S.-Iran peace deal, falling oil prices, and the expected reopening of Hormuz are impacting Indian markets, investors, and the global economy.