Oil Price

US-Iran peace deal sparks immediate drop for Brent crude but analysts warn complex negotiations lie ahead, potentially halting further significant dropsMiddle East crisis: live updatesPeace deal between US and Iran announced, with strait of Hormuz expected to reopenWhat do we know about the US-Iran peace deal – and what questions remain?Global oil prices have tumbled amid fresh hopes that a US-Iran peace deal may end the greatest energy supply crisis in the history of the market.The price of Brent crude dropped below $84 a barrel as the new trading week began in financial centres across Asia-Pacific, amid optimism that the strait of Hormuz could reopen shortly and bring a return of Gulf oil exports to the market. Continue reading...

• The BSE Sensex and Nifty50 are expected to open higher on Monday following news of a preliminary peace deal between the US and Iran. • This geopolitical development has caused global crude oil prices to plunge, leading to a rally in Asian equities and hopes for reduced global inflationary pressures. • Market analysts from Bajaj Broking Research note that the Nifty50 previously closed the week up 1.1%, ending above the 23,600 level.

Brent crude falls as optimism rises strait of Hormuz could reopen over the weekendBusiness live – latest updatesGlobal oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran.The price of Brent crude began to tumble from about $93 a barrel in overnight trade after the US president called off further military strikes against Iran which were scheduled for the evening. Continue reading...

• Wall Street indices trended higher on Monday morning, with the Dow Jones Industrial Average rising 195 points (0.4%) by 10:15 a.m. ET. • The recovery was driven by AI-related stocks, including Micron Technology, which rose 0.7% as chip and memory companies regained losses from the previous week. • This volatility follows a sharp 13.3% plunge for Micron two days prior, though the company's stock has still tripled in value since the start of the year.

• Asian stock markets showed mixed results as technology shares rebounded following a period of heavy sell-offs on Wall Street. • South Korea's Kospi surged 3.5% to 7,743.65, driven by a 7.7% jump in SK Hynix after announcing a data center partnership with Nvidia, while Taiwan's Taiex rose 2.2% led by TSMC. • In contrast, Hong Kong's Hang Seng index declined 0.4% to 24,553.93, and oil prices retreated after a brief surge caused by geopolitical fighting.

• Wall Street is seeing a partial recovery on Monday as AI stocks bounce back from the previous week's significant sell-off. • Oil prices remain elevated due to ongoing conflict between Israel and Iran, though they have retreated from their overnight peaks. • Global markets faced declines, with Japan's Nikkei 225 dropping 3.8% after the government revised Q1 annualized economic growth down to 1.8% from 2.1%.

• Wall Street stocks are recovering on Monday, with shares tied to the artificial intelligence boom bouncing back after steep losses on Friday. • Oil prices have retreated from overnight highs following a surge triggered by direct military strikes between Israel and Iran. • The volatility in the energy market reflects growing fears that the conflict between Israel and Iran could escalate into a full-scale regional war.

• The BSE Sensex and Nifty50 are expected to open lower today, as indicated by GIFT Nifty trends. • This negative outlook is driven by escalating geopolitical tensions involving the US, Israel, and Iran, which have also caused crude oil prices to rise. • Market volatility is anticipated throughout the week as equities react to a combination of domestic developments and overseas factors.