Oil Prices Rise Above $70 on Iran Strike

Live updates

1. 13d ago

   Oil Prices Drop as US-Iran Diplomatic Hopes Rise

   Oil prices have fallen following expectations of new talks between the US and Iran. This shift in geopolitical tension boosted Indian markets on Monday, with the BSE Sensex rising 544.39 points to close at 78,639.03 and the Nifty 50 gaining 390.70 points to reach 24,774.30. While crude prices slumped, gold futures rose 0.9% and spot gold increased 0.4%. These movements follow a period of volatility sparked by missile barrages between the two nations on Thursday that killed one person in Kuwait.

   Why it matters

   The situation is volatile due to direct military exchanges between Washington and Tehran. Market fluctuations reflect the tension between immediate conflict and the possibility of diplomatic resolution. This instability impacts global energy costs and safe-haven assets like gold.

   What is confirmed

   • The BSE Sensex rose 544.39 points to close at 78,639.03 on Monday.
   • The Nifty 50 surged 390.70 points to settle at 24,774.30 on Monday.
   • US gold futures gained 0.9% and spot gold rose 0.4%.
   • Crude oil prices fell on expectations of fresh US-Iran talks.

   Still unconfirmed

   • US and Iran fired missile barrages on Thursday.
   • A strike killed one person in Kuwait.
   • President Donald Trump may pull Todd Blanche's attorney general nomination until Senators John Cornyn and Thom Tillis leave office.

   What to watch next

   • Confirmation of official US-Iran diplomatic talks
   • Further movements in crude oil pricing
   • Official statements regarding the Attorney General nomination
   Sources used for this update (6)

   1. www.lanacion.com.ar — The Latest: US and Iran trade strikes as hopes dim for a quick resolution
   2. www.newsday.com — The Latest: Trump says he may pull Todd Blanche's attorney general nomination for now
   3. www.thehindubusinessline.com — Sensex today | Stock Market Highlights: Nifty jumps 391 points to reclaim 24,750; Sensex gains 544 as IT, banks lead rally
   4. www.econotimes.com — Gold Prices Rise as Trump Delays Iran Strike, Oil Slumps
   5. www.thehindubusinessline.com — Sensex, Nifty gap up on Iran diplomacy, crude slide; financials lead, pharma drags
   6. timesofindia.indiatimes.com — Gold, Silver Rate Today Live Updates: Gold futures rise to Rs 1,43,740/10 gm on spot demand
   confidence 80%
2. 17d ago

   Oil Prices Rise Above $70 on Iran Strike

   Global markets are experiencing a downturn, with the US stock market tumbling in anticipation of the Fed rate decision. The ASX has opened lower, and Wall Street saw a sharp decline in key indices after the Fed kept rates on hold. Oil prices have risen above $70 due to the Iran strike.

   What's confirmed:

   • The Fed kept rates on hold, causing a sharp decline in key US indices.
   • The ASX has opened lower following the Fed's decision.
   • Oil prices have risen above $70.

   Still unconfirmed:

   • No specific rumors found in the provided sources.
   • The FTSE 100 hit a new intraday high of 10,949.
   Sources used for this update (4)

   1. FED Meeting Live | Dow Jones | US Stock Market Live: US market tumbles as Fed rate decision looms; chip stocks wobble
   2. Markets live updates: Wall Street sinks after a divided Fed keeps rates on hold, ASX slips
   3. ASX eases from five-month high; oil steadies, Domino’s surges
   4. FTSE 100 Live: London index hits new intraday high, but US in selling mode pre-Fed
   confidence 80%
3. 19d ago

   Oil Prices Fall as U.S. and Iran Halt Strikes

   Oil prices dropped Monday. The United States and Iran paused their strikes to allow space for diplomacy.

   What's confirmed:

   • Oil prices tumbled Monday.
   • The United States and Iran paused their escalating strikes to make "space" for diplomacy.
   Sources used for this update (2)

   1. Oil prices slide as U.S. and Iran pause strikes to give ‘space’ for diplomacy
   2. ConocoPhillips Stock Has Attractive Short-Put Yields for One Month As Oil Price Rise
   confidence 100%
4. 45d ago

   Oil Prices Retreat to Prewar Levels Despite Recent U.S. Strike

   Crude oil prices have dropped back to levels seen before the Iran war. This decline follows reports of increasing supply and a potential technical correction. However, some prices rose in after-hours trading following a confirmed U.S. retaliatory strike on Iran.

   What's confirmed:

   • Oil prices have returned to levels seen before the Iran war.
   • Brent crude climbed 0.67% to $72.47.
   • WTI crude gained 1.80% to $70.05.

   Still unconfirmed:

   • An agreement between the U.S. and Iran to halt hostilities led to higher oil prices.
   • A near-term glut is expected as flows through the Strait of Hormuz rise.
   • Oil futures fell due to a likely technical correction.
   Sources used for this update (11)

   1. Oil price falls to levels not seen since before Iran war
   2. Oil Prices Make a Stunning Retreat to Prewar Levels. Where Do We Go From Here?
   3. Oil curve points to near-term glut as Hormuz flows rise
   4. Oil Futures Fall on Likely Technical Correction
   5. Oil Prices Return to Prewar Levels, Four Months Later
   6. Dow Jones Top Energy Headlines at 11 AM ET: Oil Futures Fall With Focus on Increasing Supply | Saudi ...
   7. U.S. confirms retaliatory strike on Iran, pulling oil prices up in after-hours trading
   8. Stock Market Highlights Today: BSE Sensex ends over 570 points up, Nifty50 above 24,150; crude oil prices continue to drop
   9. Oil prices rise as U.S. and Iran reach deal to halt attacks, U.S. oil ...
   10. Crude Oil Prices Rise as US-Iran Escalation Revives Supply Fears, Brent ...
   11. Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks rise as softer jobs data calms rate-hike fears
   confidence 80%