← Top stories
Market move▼ Bearish for Indian equities
Gold Declines As Hormuz Impasse Keeps Rate-Hike Bets Elevated
The brief
- Oil rose after Iran refused to soften its conditions for reopening the Strait of Hormuz
- Trump rejected Iran's seven-day proposal to reopen the waterway
- Higher oil prices threaten margins at Indian fuel retailers and lift inflation risks
- Petrol, diesel prices today, September 28: How much does fuel cost in Delhi, Mumbai, Bengaluru?
- Crude Oil Prices Rise 1% After Trump Rejects Iran Peace Proposal; Brent Near $98, Hormuz In Focus
- Oil gains over 1% as Trump rejects Iranian proposal to reopen Hormuz Strait
- Donald Trump Expects More US-Iran Talks This Week: Reports
- Europe braces for LNG tug of war with Asia
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.
Monday, 28 September
- Gold Declines As Hormuz Impasse Keeps Rate-Hike Bets Elevated