Monday, 28 September 2026Updated 3m ago
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Market move▼ Bearish for Indian equities

Oil prices rebound after Trump rejects peace deal to resolve Iran conflict

1 source · first seen 07:37 28 Sept · updated 07:37 28 Sept

The brief

Written from 1 report · check the source before you trade
  • Brent crude rose $1.32, or 1.27%, to $105.64 a barrel
  • US West Texas Intermediate gained 70 cents, or 0.76%, to $93.11 a barrel
  • Higher crude can pressure Indian fuel retailers, airlines and other oil-consuming sectors

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Crude oil64 todayDonald Trump38 todayIran49 todayGeopolitics74 todayRefining margins1 today

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18 stories this week
  1. 25 SeptOil prices fall after Iran asks U.S. to return to failed memorandum of understanding from JuneMarket move · 1 source · Iran asked the U.S. to meet conditions in the June 17 memorandum of understanding
  2. 25 SeptReplacing 1 million bpd of Russian oil could cost India up to $3.7 billion annuallyMarket move · 2 sources · Replacing 1 million bpd of Russian oil could add up to $3.7 billion to India’s annual bill
  3. 25 SeptGlobal Market: VLCC rates hit record as Saudi crude flows jumpMarket move · 1 source · Saudi crude shipments through the Strait of Hormuz pushed Gulf of Oman ship-to-ship transfers to capacity
  4. 24 SeptPuri warns West Asia crisis could escalate; says India does not need refinery investment2 sources · Oil Minister Hardeep Puri said the West Asia crisis is not over and could escalate further
  5. 24 SeptOil rises as Iran threat to widen war dims hopes of Strait of Hormuz dealMarket move · 1 source · Brent futures rose more than 3% to above $106 a barrel before paring gains
All Refining margins stories →

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1 report · earliest 07:37
Business StandardOil prices rebound after Trump rejects peace deal to resolve Iran conflict07:37