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Brent crude remains above $100 as Iran says normal Strait of Hormuz passage will not resume until its conditions are met. A 100-million-barrel G7 emergency stock release and stronger Middle East exports are limiting further oil-price gains.
G7 leaders have agreed to release 100 million barrels of emergency oil stocks over four months, with substantial diesel supplies due in the first 20 days, as geopolitical disruptions keep global fuel markets under pressure.
Sensex closed at 71,909.70 and Nifty at 22,421.95 after an eighth straight weekly decline. With RBI's October 7 policy decision approaching, investors are watching interest rates, crude oil, foreign selling, the rupee and global bond yields.
Finance Minister Nirmala Sitharaman says India cannot abruptly abandon Russian crude and will base oil purchases on availability, price and refinery suitability as a new US law raises the risk of tariffs of up to 100% on major Russian-energy buyers.
Sensex and Nifty opened higher and extended gains on September 23, led by metals, FMCG and realty stocks as crude oil eased and global cues improved. Bajaj Finance, Hindalco and Tata Steel were among the strongest Nifty gainers.
Indian Oil has approved ₹2,448.70 crore for a 424.65-km natural gas pipeline linking Kochi with Thoothukudi via Kanyakumari. The project will have 6.84 MMSCMD capacity and strengthen gas connectivity across southern India.
Global crude oil prices fell sharply on September 21, 2026, with Brent dropping toward $102 a barrel and US West Texas Intermediate slipping below $99, as recovering Saudi Arabian export flows and hopes for renewed US-Iran diplomacy outweighed immediate fears from Houthi missile and drone attacks on
Iran’s economy contracted by 10.1% year-on-year during the first quarter of its current Persian calendar year, according to official data, with a collapse in oil and natural-gas activity driving much of the decline. The figures cover the first months of the US-Israel conflict with Iran, although the
Ukraine has confirmed striking the Moscow Oil Refinery during an extraordinary long-range drone and missile operation against Russia, while Russian authorities say hundreds of drones targeted the capital and more than 1,000 were intercepted across the country. At least three people were reported kil
A huge Ukrainian long-range attack sent hundreds of drones toward Moscow and other parts of Russia early Sunday, damaging the Moscow Oil Refinery, disrupting civilian areas and putting Russian air defences under intense pressure. Russian officials described it as the largest drone attack yet directe
