Oil

Rupee Under Siege: Iran Conflict and US-Israel Strikes Fuel Oil Surge, Inflation Fears Grip India
02
Mar
By Theviralmail
World, , ,

Rupee Under Siege: Iran Conflict and US-Israel Strikes Fuel Oil Surge, Inflation Fears Grip India

March 2, 2026 | New Delhi – The Indian rupee plunged sharply on Monday. The drop occurred amid escalating geopolitical tensions in the Middle East. Crude oil prices skyrocketed following reported joint US-Israel military operations against Iran. The currency weakened 21 paise to settle at 91.29 against the US dollar in the interbank forex market, marking its steepest single-day drop in over a month. Oil Shock Hits Hard Global benchmark Brent crude futures jumped nearly 4%, climbing to $76.78 per barrel, driven by fears of supply disruptions from the volatile region. India relies on imports for about 85% of its…
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Action of Donald Trump and Goldman Sachs’ Forecast: Why Oil Prices Could Trouble Gulf Nations
19
Mar
By Theviralmail
World, ,

Action of Donald Trump and Goldman Sachs’ Forecast: Why Oil Prices Could Trouble Gulf Nations

All eyes are currently on U.S. President Donald Trump, whose recent decisions are making waves across global markets. His latest diplomatic intervention is brokering a one-month ceasefire between Russia and Ukraine. It is expected to significantly impact the global oil supply chain. Experts believe that this temporary truce could result in increased Russian crude oil exports to international markets. With higher supply, crude oil prices are projected to drop, potentially falling below $71 per barrel. Gulf Nations May Face Economic Pressure Until now, the reduced presence of Russian oil in the global market had led to rising prices for crude.…
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