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Market move▼ Bearish for Indian equities
Oil heads higher as US-Iran peace talks in stalemate
The brief
- Oil prices rebounded more than 1% as Middle East tensions persisted
- Higher crude prices pressure Indian oil marketing companies and airlines through fuel costs
- Trump says US will win Iran war soon; does not rule out strikes before midterms
- Gold, Silver Face Another Choppy Spell This Week As US Data, West Asia Tensions Take Centre Stage: Analysts
- Bullion may stay volatile as US data, W Asia tensions take focus: Analysts
- Iran's army voices readiness for potential renewed US attack
- Russian crude supplies enabled India to cushion against oil supply shocks caused by West Asian war: Deputy FM