oil prices

A pedestrian talks on a mobile phone as he walks past Reserve Bank of India (RBI) signage outside the central bank's headquarters in Mumbai. (Photo: Getty Image)

Indian economy remains exposed to energy price shocks: RBI report

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Mumbai, Jun 30 (PTI) Exchange rate volatility may rise if oil prices increase due to the delayed normalisation of supply chain disruptions and additional demand to replenish inventory, an RBI report said on Tuesday. India’s sound macroeconomic fundamentals provide ample buffers to deal with external shocks, said the RBI’s Financial Stability Report (FSR). “However, the

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  • An oil tanker anchors near the oil hub of the port of Fos-Lavera at sunset near Marseille, southern France, April 14, 2026. (Photo: Reuters)
  • A pump jack operates outside of Midland, Texas, U.S. June 11, 2025. (Photo: Reuters)

Oil prices jump on renewed US-Iran hostilities

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BEIJING, May 8 (Reuters) – Oil prices were up more than 1% on Friday after renewed fighting broke out between the U.S. and Iran, threatening a shaky ​ceasefire and dashing hopes for progress on reopening the Strait of Hormuz, a ‌key oil and gas transit route. Brent crude futures were up $1.41, or 1.41%, at

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  • A drone view shows the Malta-flagged tanker Agios Fanourios I, an oil tanker that sailed through the Strait of Hormuz, arriving in Iraq’s territorial waters off Basra, Iraq, April 17, 2026. (Photo: Reuters)
  • A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. (Photo: Reuters)

Oil prices fall a second day as Trump indicates possible Iran peace deal

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MELBOURNE, May 6 (Reuters) – Oil prices fell for a second day on Wednesday on expectations bottled up supply from the key Middle East ​producing region could resume flowing after U.S. President Donald Trump indicated a possible peace deal ‌may be reached to end the war with Iran. Brent crude futures for July fell $1.52,

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Vehicles sit parked at fuel pumps as regular gasoline prices above $6 per gallon and diesel prices above $7 per gallon are displayed outside a Mobil gas station in Redondo Beach, Calif. on Thursday. (Photo: AFP)

Oil falls as Iran proposes talks but prices still set for weekly gains

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LONDON, May 1 (Reuters) – Oil prices dropped on Friday after Iran was reported to have ‌sent a fresh proposal for U.S. negotiations, but prices remained on track for weekly gains, with Tehran still blocking the Strait of Hormuz and the U.S. Navy blocking exports of Iranian crude. Brent crude futures for ​July were down

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