← Market pulse
● Neutral for Indian equities
US-Iran Conflict: Bessent Says Tehran To Have No Oil At Sea, No Revenues This Week
The brief
- Scott Bessent says Iran will have no oil at sea or related revenues this week
- Washington is stepping up economic pressure on Tehran
- Oil-price volatility could affect Indian oil marketers and refiners
- Bessent says rising Treasury yields reflect global trend, not cause for alarm
- Treasury sanctions operation targets Iran's auto, rail industries in latest economic attack
- Japan Finance Minister Reaffirms U.S. Coordination on Yen Stability
- Jensen Huang says AI distillation is 'competition.' Scott Bessent has called it 'theft'
- Treasury Secretary Scott Bessent hires Wall Street economist David Zervos
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.
Saturday, 3 October
- US-Iran Conflict: Bessent Says Tehran To Have No Oil At Sea, No Revenues This Week