Commodities

Diesel falls sharply as EU considers releasing 50mn barrels under pressure from Trump

• Diesel prices fell sharply as the EU considers releasing 50mn barrels from reserves
• Trump threatened to ban US fuel exports unless Europe unlocks reserves
• Lower diesel prices could ease fuel costs for Indian refiners and transport companies

Hormuz crude flows return to pre-war levels, yet oil may still stay at $90–$100 | Here's why

• Hormuz crude shipments averaged 13.5 million barrels per day over seven days, back to pre-war levels
• Oil may still stay at $90–$100, the report said
• Persistently high crude prices could pressure Indian refiners and fuel retailers

The Bond Rout Is Deepening Even as Oil Tankers Return to the Strait of Hormuz

• Higher crude and yields may pressure Indian airlines, fuel retailers and rate-sensitive stocks

Oil rebounds as Middle East supply and shipping risks persist

• Oil prices rose to $103 per barrel as Middle East supply concerns intensified
• Middle East crude exports recovered to prewar levels, but shipping and US-Iran risks weighed on trading
• Higher crude prices can pressure Indian oil marketing companies and airlines

Oil Extends Gains as US Weighs Sending Carrier to Middle East

• Oil climbed for a third day as the US weighed sending another aircraft carrier group to the Middle East
• The move could escalate the war with Iran
• Higher crude prices pressure Indian oil marketing companies and fuel-intensive sectors

The Biggest Jump in Global Crop Prices Since 2022 Threatens to Boost Inflation