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Oil price today (March 17, 2026): Crude continues to climb amid Hormuz supply crisis; Brent, WTI jump 2%

Oil prices extended their gains as the Middle East conflict intensifies and Strait of Hormuz continues to see disruption, fueling fears of supply disruptions in global markets. On Tuesday, Brent crude futures rose by $2.48, or 2.5%, to $102.69 per barrel at 0058 GMT, while US West Texas Intermediate (WTI) crude advanced by $2.42, or…

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Crude oil stocks adequate, refineries running at full capacity & petrol pumps operating normally: Govt

The government on Monday said India’s fuel supply situation remains stable, with adequate crude oil availability and refineries operating at peak capacity even as geopolitical tensions in Middle East continue to disrupt regional energy flows.Addressing concerns over possible shortages, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) in the Ministry of Petroleum and Natural Gas,…

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Rupee keeps falling and falling: Currency slips to all-time low of Rs 92.40 against US dollar amid oil surge, FII outflows

The rupee weakened by 10 paise to settle at a fresh record low of Rs 92.40 (provisional) against the US dollar on Monday amid surging crude oil prices and incessant withdrawal of foreign funds triggered by geopolitical uncertainties, PTI reported.The local currency, however, resisted a sharper fall as domestic equity markets staged a significant recovery…

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Iran war impact: Oil industry leaders warn Trump administration fuel crunch may worsen in coming days

Top executives from some of America’s largest oil companies warned officials in US President Donald Trump’s administration that the energy crisis sparked by the war with Iran might worsen, according to a report by The Wall Street Journal. Citing people familiar with the matter, the report said that chief executives of Exxon, Chevron and ConocoPhillips…

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