Tuesday, 29 September 2026Updated 11m ago
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Market move▼ Bearish for Indian equities

Oil Rises Amid Deadlock in U.S.-Iran Ceasefire Talks

1 source · first seen 06:20 29 Sept · updated 06:20 29 Sept

The brief

Written from 1 report · check the source before you trade
  • Oil rose as U.S.-Iran ceasefire talks remained deadlocked
  • Higher crude prices threaten margins for Indian oil marketing companies and raise import costs

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Part of a developing story54 updates over 6 days

Oil and markets react to US-Iran tensions

Oil climbed above $106 a barrel as Iran threatened to widen the war and Trump rejected Iran’s peace offer, while stocks fell amid fears of prolonged conflict. Mediators were working on a deal to end fighting and reopen the Strait of Hormuz, but ceasefire talks remained deadlocked.

Read the reports

1 report · earliest 06:20
WSJOil Rises Amid Deadlock in U.S.-Iran Ceasefire Talks06:20