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Market move● Neutral for Indian Oil
INR recovers slightly as oil pulls back on hopes of a phased deal to reopen the Strait of Hormuz
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| IOC | Fri, 25 Sept | −0.4% | −0.8% | 1.0× | −0.4% · Nifty +0.3% |
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US-Iran standoff over reopening the Strait of Hormuz
Oil rose as Iran threatened to widen the conflict and held to a seven-day proposal to reopen the Strait of Hormuz, while Trump rejected the proposal. Iran said indirect talks with the US remained open; Trump said the conflict could end soon but did not rule out further strikes.
Friday, 25 September
- INR recovers slightly as oil pulls back on hopes of a phased deal to reopen the Strait of Hormuz