For decades, oil prices would typically shoot up the moment tensions flared in the Middle East, and understandably so. The region supplies about a third of the world’s crude. But in recent years, that link has started to fade. Between 2015 and 2025, oil prices started reacting differently to conflicts. Situations that once caused big…
Rupee plunged by 55 paise to close at 86.07 (provisional) against the US dollar on Friday, as rising geopolitical tensions in the Middle East and a spike in global crude oil prices weighed heavily on investor sentiment. The volatility followed Israel’s reported strikes on Iran’s nuclear sites. Brent crude, the international oil benchmark, surged by…
Indian markets staged a partial recovery by midday Friday after opening sharply lower amid intensifying tensions in the Middle East. However, benchmark indices remained in negative territory as investor sentiment stayed fragile following Israel’s pre-emptive strikes on Iran. As of 1:35 PM, the BSE Sensex was down 587.09 points, or 0.72 per cent, at 81,104.88,…