oil prices

KOSPI Drops Amid Middle East Tensions; Fears of Strait of Hormuz Blockade Haunt Seoul Markets South Korean stocks retreated on Monday as mounting geopolitical uncertainty overshadowed market activity. Investor concerns escalated following the failure of progress in U.S.-Iran peace talks...

US Slams Maritime Blockade on Iran After Nuclear Talks Fail: Global Shipping Faces Unprecedented Crisis US Mandates Sweeping Blockade on All Iranian Maritime Traffic The United States is set to enforce a sweeping maritime blockade targeting all vessels entering or exiting Iranian ports. This...

Seoul, April 11 – The government announced on Saturday that cash assistance for the bottom 70% of income earners will begin being rolled out later this month, as part of efforts to ease the financial strain caused by rising oil prices.The aid will first reach the most vulnerable within that...

Seoul, April 10 – South Korea's central bank kept its benchmark rate unchanged on Friday, as uncertainty in the Middle East prompted a cautious stance amid risks of inflation, currency weakness, and slower growth.In a widely anticipated decision, the Monetary Policy Board of the Bank of Korea...

Mumbai, April 9 – Indian equity benchmarks declined on Thursday, ending a five-day winning streak, as rising oil prices and uncertainty surrounding the US-Iran ceasefire weighed on investor sentiment.The Nifty closed 0.93 per cent lower, falling 222.25 points to end at 23,775.10. The Sensex...

Mumbai, April 8 The rupee appreciated by 47 paise to close at 92.59 (provisional) against the US dollar on Wednesday after US President Donald Trump announced the suspension of military strikes against Iran for two weeks, and the Reserve Bank kept the key benchmark rate unchanged with a neutral...

Mumbai, April 8 – Gold and silver prices rose sharply on Wednesday due to demand for safe-haven assets, even after US President Donald Trump announced a two-week ceasefire plan.On the Multi Commodity Exchange (MCX), gold futures (June 5) jumped as much as Rs 3,688 or 2.45 per cent, reaching a...

Mumbai, April 8 The rupee appreciated by 50 paise to 92.56 against the US dollar in early trading on Wednesday, following US President Donald Trump's announcement of a two-week suspension of military strikes against Iran.Forex traders said the announcement of a two-week ceasefire triggered a...

New Delhi, April 7 – The Reserve Bank of India (RBI) is likely to maintain its policy rates, as liquidity tools will take center stage in 2026, even though crude prices are about 50 per cent above the central bank’s $70 per barrel assumption, a report said on Tuesday."Current oil prices are 50...

Beijing, April 7 China announced on Tuesday a further increase in gasoline and diesel prices, the second in about two weeks, due to rising international oil prices driven by the ongoing conflict in West Asia.China's top economic planner, the National Development and Reform Commission (NDRC)...

New Delhi, April 7 Crude oil prices rose by nearly 3 per cent to hit a record high of Rs 10,888 per barrel in futures trading on Tuesday, driven by strong global cues as tensions between the US and Iran intensified ahead of President Donald Trump's deadline for reopening the Strait of Hormuz...

New Delhi, April 7 Crude oil prices surged by Rs 300, hitting a record high of Rs 10,888 per barrel in futures trading on Tuesday, driven by strong global energy benchmarks amid persistent supply concerns and geopolitical tensions in West Asia.On the Multi Commodity Exchange (MCX), crude oil...

New Delhi, April 7 – Global crude oil prices soared on Tuesday, hitting new highs with more than a 3 per cent jump, amid geopolitical tensions and US President Donald Trump's deadline on Tuesday to reopen the Strait of Hormuz to Iran.Brent crude futures rose as much as 1.69 per cent, or $1.86...

Seoul, April 7 – Downside risks to the South Korean economy are increasing amid the prolonged conflict in the Middle East, as rising global oil prices and supply chain disruptions could have broader negative impacts on prices, consumption, and exports, a state-run think tank said on Tuesday...

New Delhi, April 6 – The Securities and Exchange Board of India (SEBI) Chairman, Tuhin Kanta Pandey, stated on Monday that escalating tensions in the Middle East are disrupting global energy flows, putting pressure on oil and gas supplies, and triggering sharp price volatility.In his address...

New Delhi, April 6 Crude oil prices rose by Rs 91 to Rs 9,284 per barrel in futures trading on Monday, remaining near record levels, after US President Donald Trump warned of military strikes on Iran's power plants and other infrastructure if the Strait of Hormuz is not reopened.On the Multi...

New Delhi, April 6: Elevated global crude oil prices above $90 per barrel could begin to significantly weigh on the earnings of Nifty companies, a report has said.According to Bernstein analysts' estimates, for every $10 per barrel increase beyond $90, Nifty earnings may decline by 2-3 per...

AI Optimism Lifts Korean Stocks as Won Weakness Concerns Rise Amid $110 Oil Crisis Seoul, April 6 – South Korean stocks posted a strong rally on Monday morning, fueled by optimistic expectations surrounding Samsung Electronics’ first-quarter earnings guidance this week and heightened excitement...

Seoul, April 5 – Finance Minister Koo Yun-cheol urged the Gulf Cooperation Council (GCC) countries to strengthen cooperation to help stabilize energy and raw material supply chains amid prolonged tensions in the Middle East, the finance ministry said on Sunday.Koo, who also serves as deputy...

Washington, April 5 The war against Iran has begun to impact Americans, with Amazon announcing a fuel surcharge for its e-commerce deliveries and some airlines raising fees for checked baggage to offset higher fuel costs.The average price of gasoline in the US has increased to USD 4.09 per...