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Market move▼ Bearish for Indian equities
Oil Prices Near $103: Brent Crude Extends Gains As US-Iran Tensions Escalate
The brief
- Brent crude is near $103 and extending gains
- Ukrainian strikes on Russian refineries have forced Moscow to restrict diesel exports
- Higher crude prices pressure Indian oil marketers and raise fuel costs for airlines
- Why Are Diesel Prices Soaring and What Would a U.S. Export Ban Do?
- Putin envoy, US officials discussed Ukraine war and energy initiatives, US official says
- Russia strikes Kyivstar headquarters and data centres in Ukraine
- Russian strikes kill civilians and hit data centres and logistics targets in Ukraine
- Russia defies German calls to ease off its 'dangerous' escalation toward it