May 16, 2026

prices

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Middle East Tensions: Middle East tensions: Government says fuel supply, prices stable despite global oil market turmoil

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Govt says fuel supply, prices stable despite global oil market turmoil The Centre on Friday said India has managed to maintain stable fuel supplies and uninterrupted maritime operations despite the ongoing Middle East crisis, which has sharply disrupted global energy markets and shipping routes through the Strait of Hormuz.During an inter-ministerial media briefing, the government…

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Oil prices jump as US-Iran tensions intensify; Brent crude stays beyond $100, WTI up 3%

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Oil markets inched higher on Friday as tensions escalated between the US and Iran, making traders cautious again. With this, oil markets reversed the sharp losses recorded earlier this week, when prices had fallen on hopes of a diplomatic breakthrough between the two nations and the possible reopening of the Strait of Hormuz.West Texas Intermediate…

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US stock markets today (May 7, 2026): Wall Street holds near record highs as oil prices tumble on Iran deal hopes

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US stock markets hovered near record highs on Thursday as oil prices extended losses amid rising optimism over a possible agreement between the United States and Iran that could reopen the Strait of Hormuz and restore crude shipments from the Persian Gulf, AP reported.The S&P 500 added 0.1 per cent, extending gains after hitting an…

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Gold, Silver Rate Today Live Updates: Gold prices near one-week high as Middle East tensions show signs of easing

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Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said gold witnessed a sharp recovery after geopolitical worries began to cool, leading to a reversal in several macroeconomic factors that had weighed on precious metals in recent sessions. Silver too maintained its upward momentum for the third consecutive session. Prices of the white metal advanced…

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Stock Market Live Updates: Nifty50 above 24,100; BSE Sensex up over 250 points as crude oil prices drop on US-Iran peace talk hopes

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According to Siddhartha Khemka – Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, Nifty is expected to consolidate in the near term, with markets likely to remain sensitive to developments in West Asia. While, Positive domestic macros, steady Q4 earnings and intermittent FII buying has provided near-term support, elevated crude prices, currency weakness…

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Over $30 a barrel discount, but…: Iraq cuts crude oil prices, if buyers are willing to transit Strait of Hormuz to collect it

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The OPEC member is offering reductions of up to $33.40 per barrel on its benchmark Basrah Medium grade. (AI image) With oil supplies via the Strait of Hormuz still disrupted, Iraq is now offering deep discounts to buyers for picking crude from the country. Iraq has rolled out steep price cuts for buyers with term…

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Stock Market Live Updates: Nifty50 tumbles below 24,000; BSE Sensex down over 600 points as oil prices rise

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“In the previous session, Nifty 50 witnessed a recovery during the day but failed to sustain at higher levels, facing resistance around the 24,300 zone. This indicates continued supply pressure at elevated levels and suggests that the recent upmove was more of a pullback rather than a confirmed breakout.From a technical perspective, Nifty 50 continues…

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