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▼ Bearish for Indian equities
US sends thousands of troops to West Asia as Trump weighs new Iran strikes
The brief
- The US is sending roughly 9,000 troops to the Middle East as Trump weighs new Iran strikes
- Escalation risks higher crude prices, pressuring Indian oil importers and transport companies
- Oil rises slightly as market weighs mixed supply signals
- CNBC Daily Open: Three’s a crowd: U.S. carrier buildup in Middle East sends oil spiking
- Rising crude costs and unchanged pump prices squeeze fuel retailers
- Iran war news LIVE Updates: Fresh attack on Tehran? US sends 9,000 troops, USS Theodore Roosevelt carrier to Middle East
- Oil Edges Higher Amid Rising Mideast Tensions
Iran conflict, diplomacy and oil-market risks
Oil rose above $106 a barrel amid threats to widen the war and Strait of Hormuz risks, while Indian refiners chartered tankers to collect crude inside the Persian Gulf. Iran said it received a US response to a peace proposal and offered nuclear inspections if sanctions are eased; Washington weighed further military steps.
Friday, 2 October
- US sends thousands of troops to West Asia as Trump weighs new Iran strikes