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U.S., Iran hold separate mediator talks as Mideast oil exports hit war-time high
The brief
- US and Iranian officials held separate mediator talks Monday to push for a ceasefire
- Middle Eastern crude exports rebounded to a war-time high
- Oil-price volatility affects Indian refiners, fuel retailers and other crude-dependent sectors
- Energy security measures could offset up to 70% of Hormuz oil flows in future disruption: McKinsey
- European Gas Rises as Traders Watch for Further Talks on Hormuz
- No strikes confirmed after explosion-like sounds heard near Iran's Qeshm
- Oil price gains pared as Qatar-US-Iran talks loom
- Japan's Nikkei slips as oil prices and rate concerns weigh
US-Iran talks and oil market volatility
Oil rose above $106 a barrel as Iran threatened to widen the war, while Trump’s rejection of Iran’s peace offer heightened fears of prolonged fighting. Reports of mediator-led efforts to end the conflict and reopen the Strait of Hormuz were followed by Trump denying he had offered sanctions relief; markets remained volatile.
Tuesday, 29 September
- U.S., Iran hold separate mediator talks as Mideast oil exports hit war-time high