Crude Oil Price Hike: After a brief decline in the prices of crude oil, it is now on the rise again. There has been turmoil in global markets after US President Donald Trump announced the cancellation of the peace agreement between America and Iran. Due to this, a rise in the prices of crude oil is again being seen in the global oil market. On Thursday, crude oil prices increased by another 1%, whereas in the previous trading session it had increased by up to 5%.

What is the price of crude oil today?

With the latest increase, today Brent crude is trading around $ 78.80 per barrel. At the same time, American Crude (WTI Crude) has also increased by 1.01% and reached the level of $ 74.26 per barrel, which is gradually moving towards the psychological level of $ 80. Yesterday, the July futures contract on India’s Multi Commodity Exchange closed at Rs 7155 per barrel with a record rise of about 6.71%.

Why are prices increasing suddenly?

The renewed military attack between America and Iran has increased the risk of disruption of oil supply through the Strait of Hormuz. This sea route is very important for energy shipment. About 20% of the world’s crude oil reaches every corner through this narrow route.

Another reason for the sudden increase in oil prices is the withdrawal of concessions given by the US Treasury Department to Iran to sell crude oil legally. Due to this, the risk of shortage of crude oil in the global market has also increased.

Movement of ships stopped on Hormuz

According to Bloomberg report, due to the deteriorating situation between America and Iran, the movement of oil tankers and LNG ships on Hormuz has been stopped. Sensing the danger, many ships are now turning towards the ‘Cape of Good Hope’. Hormuz is an important sea route related to energy shipment, on which many countries like Saudi Arabia, Kuwait, Iran, Iraq depend. In such a situation, due to its stoppage, there may suddenly be a huge shortage of crude oil in the world.

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E85 Fuel: For the last several days, discussions regarding ethanol mix petrol are becoming very intense in the market. On one hand the government is supporting it, while on the other hand many people are seen against it. Ever since this fuel was announced, many flaws are being found in it. Now meanwhile, all the rumors floating about E20 fuel have been rejected by the government.

What did the Petroleum Minister say?
In fact, recently Petroleum and Natural Gas Minister Hardeep Singh Puri had come to participate in a program of News 18. During this, he talked openly about ethanol blended petrol and answered every question openly. During this time, he described people’s concerns regarding petrol mixed with 20% ethanol i.e. E20 as completely baseless. He said, ‘The news of engine damage due to E20 petrol is wrong. This scheme has been started to improve the environment and reduce India’s dependence on oil imports.

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Government preparing to introduce E85
During this time, Minister Hardeep Singh Puri also talked about E85 fuel and told that the government is preparing to introduce it soon. He said, ‘The government is preparing to introduce E85 petrol. It will contain up to 85% ethanol and its price can be about Rs 20 per liter less than E20 petrol. However, it can be used only in flex-fuel vehicles (FFV).

E25 is also being tested
Not only this, but Minister Hardir Singh Puri also made it clear that E25 petrol is currently only at the testing level. There should not be any kind of confusion regarding this. The government will take any further decision only after scientific examination. He also said that the government also gives full support to electric vehicles (EV). This means that in the coming time, both ethanol blended fuel and electric vehicles will grow together in India.

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Rupee Rise Against US Dollar: The war between the US and Europe, which started in February, on which a 60-day ceasefire was imposed a few days ago, has now started again. After the ceasefire, people took a sigh of relief but now with the start of war once again, tension has increased. Meanwhile, while on one hand the prices of crude oil are increasing, on the other hand the Indian rupee has established its dominance.

rupee became stronger
After the war started again, crude oil prices have increased and the dollar has strengthened. Meanwhile, on Thursday, the Indian rupee strengthened by 1 paise and closed at 95.47 against the US dollar. However, the beginning of the day was weak for the rupee. The rupee opened at 95.52 per dollar, which was 4 paise weaker than the previous trading day.

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ups and downs continue
During trading it kept fluctuating between 95.28 to 95.58 and finally closed at 95.47. Earlier on Wednesday, the rupee had closed at 95.48 with a huge fall of 52 paise. Regarding this, analysts say that the possible intervention of the Reserve Bank of India (RBI) and selling of dollars by government banks has provided support to the rupee. However, rising crude oil prices and strengthening dollar still remain under pressure on the rupee.

Meanwhile, the dollar index, showing the strength of the dollar against 6 major currencies of the world, increased by 0.01% to 100.77. At the same time, the price of Brent crude oil increased by 0.46% to around $ 78.40 per barrel. There was a rise in the domestic stock market on Thursday. Sensex closed 238.22 points higher at 76,741.82 and Nifty closed 80.75 points higher at 23,962.80.

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After the renewed war situation between America and Iran in the Middle East and uncertainty over the Strait of Hormuz, the world is facing an energy crisis. At present, ceasefire is going on between Iran and America, but no one has any answer on when oil will start being supplied to the world normally through Hormzu. Meanwhile, Abu Dhabi’s government oil company (ADNOC) has warned on Tuesday (2 June 2026) that oil prices are going to skyrocket in the month of August.

Oil prices may increase from this month

According to the report of Al Arabiya news channel, a senior official of ADNOC warned that if the interruption in oil supply due to Iran war continues and the demand for oil increases worldwide, then oil prices may suddenly increase significantly from the month of August. He also said that even after the reopening of the Strait of Hormuz, it may take up to a year for the energy supply chain to fully recover.

ADNOC’s Executive Vice President of Sales and Trading, Philippe Khouri, said that as long as there is uncertainty about peace, the movement of oil tankers through the Strait of Hormuz will not fully resume. Less oil will be available through this route than before. This means that if the situation does not improve, the prices of petrol and diesel may skyrocket.

Ceasefire appears to be weakening

US President Donald Trump said on Monday (June 1, 2026) that talks with Iran are continuing at a fast pace. The ceasefire seems to be weakening due to fresh attacks from Tehran. However, in the meantime, Trump said in a post on ‘Truth Social’, ‘Negotiations with Iran are continuing at a fast pace.’ The nominal ceasefire between Iran and the US is being repeatedly tested by such retaliatory attacks and counterattacks while officials of both the countries are trying to find a negotiated solution to end the war. However, it is not yet clear how close they are to reaching an agreement and the attack also threatens to derail these talks.

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RBI Dividend: There is a war going on between Iran and Israel-America since February. Due to which the prices of crude oil are continuously increasing globally. Due to which economic pressure is also increasing on India. In such a situation, now RBI has given a sigh of relief to the Central Government of India. Due to which now the increase in crude oil prices will not make much difference to the government.

RBI’s gift to the center
Actually, Reserve Bank of India has given a big gift to the Central Government for FY25-26. Amidst the rising prices of crude oil, RBI has approved to give Rs 2.87 lakh crore to the government. RBI gives this money to the government from its profits, which is called dividend.

Information received from RBI
RBI itself has informed about this by issuing a press release. In which he told that this decision has been taken during the 623rd meeting of the Central Board of Directors of Reserve Bank of India. This meeting was held today i.e. on Friday 22nd May in Mumbai, in which RBI Governor Sanjay Malhotra also participated.

More money was given than last year
It was also told that this amount is more than last year’s Rs 2.69 lakh crore. Earlier, RBI had given Rs 2.1 lakh crore to the government in 2023-24 and Rs 87,416 crore in 2022-23. RBI said that its total net income will increase to about Rs 3.96 lakh crore in 2025-26, whereas last year it was Rs 3.13 lakh crore.

Will help in managing the economy
Apart from this, the total assets of RBI also increased by 20.61% to about Rs 92 lakh crore. In simple words, RBI has made more profit this year, hence it is giving record amount to the government. This will help the government in controlling expenses and managing the economy. If we look at the current situation in the country, this amount is very important for the government. Considering the current inflation situation, this will be considered a big gift.

Stock Market Bloodbath: Today on May 18, heavy selling was seen in the Indian stock market. Due to this earthquake in the market, about Rs 7 lakh crore of investors were completely wiped out. Recently, after the drone attack on UAE’s nuclear plant, crude oil prices were on such fire that BSE Sensex fell by more than 1,000 points to below 74,300, while Nifty 50 lost more than 300 and went below 23,350. This led to a huge decline in the wealth of investors.

Investors lost around Rs 7 lakh crore

Due to this decline, about Rs 7 lakh crore was wiped off from the market capitalization of BSE listed companies, due to which this figure fell to about Rs 454 lakh crore. This selling was not limited to just big stocks, rather both Nifty Midcap 100 and Nifty Smallcap 100 fell by more than 1 percent. The volatility in the market increased so rapidly that India VIX jumped by more than 5 percent and reached near 19.78, which is a sign of increasing nervousness among traders and investors.

Why is there chaos in the stock market?

The Parmamu Power Plant in Abu Dhabi, United Arab Emirates was attacked by a drone on Sunday. Due to this, the atmosphere of tension in the Gulf countries has deepened. Even though UAE has not held anyone responsible for this attack, it has called it a dangerous provocation.

On top of this, US President Donald Trump’s new warning to Iran that ‘the clock is ticking’ has created fear at the global level that the war between the two countries may now take a more severe form.

amidst all this Crude oil prices increased once again. Brent crude futures were up nearly 2 percent to trade around $111 a barrel, while WTI crude rose more than 2 percent to above $108 a barrel in Monday morning deals, renewing concerns about imported inflation. Due to this, foreign institutional investors (FIIs) are busy withdrawing their investments from Indian markets. These factors have a major contribution in the decline in the market today.

Rise in US bond yields

Today there was also a rise in bond yields, which increased concerns about inflation and fiscal pressures. The yield rate on 10-year treasury bonds increased to 4.632 percent, which is its highest level since February 2025. The yield on the 30-year Treasury bond rose to 5.156 percent, while the yield on the 2-year bond, which is closely watched for signals from the Federal Reserve, reached 4.101 percent.

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Fuel Prices Hike: The effects of the ongoing tension in the Middle East are being seen across the world. Due to this, oil prices are continuously increasing, due to which the prices of petrol and diesel are also increasing in India. If this struggle continues like this for a long time, then the prices of petrol and diesel in India may increase further. We are not saying this but Reserve Bank of India (RBI) Governor Sanjay Malhotra himself has said this.

What did the RBI Governor say?
On Tuesday, RBI Governor Sanjay Malhotra had arrived in Switzerland to attend a conference organized by the Swiss National Bank and the International Monetary Fund. During this, he said in his address that, ‘If this situation continues for a long time, then the government will have to pass on some of the burden of the increase in prices on the customers.’ He further said that as the conflict continues, excise duty has been cut, while government fuel retailers are bearing the increase in crude oil prices.

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Statement became a matter of concern
This statement of Sanjay Malhotra has come in response to PM Modi’s appeal to reduce the consumption of oil and gas. In such a situation, this is a matter of concern for the people. At the same time, the Prime Minister also appealed to postpone the purchase of gold for some time, so that the country’s foreign exchange reserves remain safe. After which, recently the government has also increased the duty on gold and further steps can be taken to reduce imports.

Inflation rate increased in April
Talking about inflation, the inflation rate in India in April 2026 was 3.48%, which was slightly higher than 3.40% in March, but was less than expected. The reason for this was that the government did not allow the increased oil prices to directly impact the public. However, due to increasing tension in the Middle East, there is a danger of inflation increasing in the future. Due to this conflict, the supply chain is also being affected, which has started affecting India.

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The RBI Governor also said that controlling inflation through interest rates alone will not be enough, in such a time the government and RBI will have to work together.

Share Market Today on May 11: The scope of decline in the stock market is gradually increasing. Currently, Sensex is trading at the level of 76280 after falling 1047 points (1.35 percent). At the same time, Nifty remains at the level of 23852 with a decline of 1.25 percent or 301 points. Today’s top losers include shares of companies like Titan, SBI and IndiGo. In these a decline of 6.06 percent, 2.80 percent and 2.84 percent is being seen respectively.

Today, on the first trading day of the week, the Indian stock market started with a decline. Sensex and Nifty crashed as soon as the session opened amid rising tensions between America and Iran and rising crude oil prices. On one hand, BSE’s 30-share sensitive index Sensex opened with a huge fall of 690 points at the level of 76638. At the same time, Nifty fell 206 points and started trading at 23970. Let us tell you that today the Indian Rupee has also reached its lowest ever level of Rs 95.62 per dollar, due to which the concern of the investors has increased further.

Why did the market fall?

• Brent crude crossing $104 is the biggest shock for the Indian market. This may reduce the profits of oil importing companies.
• The news of Hormul blockade, supply chain disruption and drying up of inventory have scared investors.
• In view of the global tension, foreign institutional investors (FIIs) are withdrawing money from the Indian market and investing it in safe options like dollar or gold.

Asian market

On Monday, the first trading day of the week, Asian markets were seen trading with mixed sentiment amid increasing geopolitical tension and rising crude oil prices. Japan’s Nikkei 225 rose 0.81 percent. An increase of 0.32 percent was also recorded in Topics. South Korea’s Kopsi made another new record by jumping 3.67 percent, while Kosdaq saw a slight rise. However, Australia’s S&P/ASX 200 slipped by 0.71 percent.

US market

US stock futures were down in early trading on Monday. Futures tied to the Dow Jones Industrial Average fell 189 points, or 0.3 percent. At the same time, US stock markets closed with gains on Friday. The Nasdaq Composite closed at 26,247.08, up 1.71 percent or 440.88 points, while the S&P 500 settled at 7,398.93, up 0.84 percent or 61.82 points. Meanwhile, the Dow Jones Industrial Average closed at 49,609.16 with a marginal gain of 12.19 points or 0.02 percent.

crude oil

Amidst the increasing tension between America and Iran, rising prices of crude oil remain a topic of discussion. In early trade on Monday, West Texas Intermediate (WTI) rose 3.67 per cent to $99.04 per barrel, while Brent crude rose 3.44 per cent to $104.81 per barrel.

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Petrol-Diesel Price on April 13: Today, on April 13, there has been a huge jump in the prices of crude oil and now it has again crossed 100 dollars. On one hand, the price of Brent crude has increased by 7 percent to $ 102.29 per barrel. On the other hand, American crude has also shown a rise of 8 percent and reached the level of $ 104.24 per barrel. This surge in oil prices has come amid the failure to negotiate on ceasefire between America and Iran and Trump’s threats to close the Strait of Hormuz.

US President Trump announced on Sunday that the US Navy will immediately ban the movement of ships in the Strait of Hormuz. In fact, the 21-hour peace talks between America and Iran in Islamabad, Pakistan ended without any result. After this, US President Donald Trump announced the blockade of the Strait of Hormuz, which will become effective today at 14:00 GMT as per international time.

price of petrol and diesel

City	Petrol price (per litre)	Diesel price (per litre)
Delhi	Rs 94.77	Rs 87.67
Mumbai	Rs 103.54	Rs 90.03
Kolkata	Rs 105.45	Rs 92.02
Chennai	Rs 100.80	Rs 92.39
Bengaluru	Rs 102.92	Rs 90.99
Hyderabad	Rs 107.41	Rs 95.65
Jaipur	Rs 104.88	Rs 90.36
Lucknow	Rs 94.65	Rs 87.76
port blair	Rs 82.46	Rs 78.05

Why are prices stable after the rise in crude oil?

Despite the rise in crude oil prices in the international markets, the government and oil marketing companies (OMCs) have not increased the prices of petrol and diesel in the country at present so that inflation remains under control.

The government has also recently reduced the excise duty on petrol and diesel by Rs 10 per liter to reduce the impact of rising crude oil prices. Excise duty on petrol has been reduced from Rs 13 per liter to Rs 3 per liter and Rs 10 duty on diesel has been completely abolished.

The thing to keep in mind here is that the benefit of this reduction is not being passed directly to the customers, rather it has been used to reduce the losses of oil companies like IOCL, BPCL so that they cannot increase the prices.

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Crude oil prices: Today is the 32nd day of the ongoing conflict in the Middle East. On February 28, America and Israel attacked Iran. This scene of devastation still continues. Shells are raining from both sides. Many important targets of Iran have been damaged. The ceasefire initiative has remained in vain.

Amidst all this, today on Tuesday, March 31, the prices of crude oil have increased further in the international markets. Today Brent Crude has crossed the level of $ 116.50 per barrel. This is the highest level till date after June 2022.

The effect of Trump’s threats is visible

US President Donald Trump said in an interview with the Financial Times that he wants to take oil from Iran. He also told that the US Army can capture Kharg Island, from where about 90 percent of the country’s oil will be exported. Trump has also threatened to wipe out Iran on Truth social media.

He has said, if Iran does not compromise. He said that if Iran does not open the Strait of Hormuz, America will completely destroy Iran. Their houses, power plants, oil wells will be cleaned. These threats of Trump have further deepened the uncertainties, due to which oil prices have now crossed $116 per barrel.

Experts warned

The impact of the war in Iran is such that in March alone the prices of crude oil have increased by 50-60 percent. In view of the attacks on it, Iran has closed the Strait of Hormuz, through which 20 percent of the world’s oil passes. Market experts say that if the situation remains like this, prices can reach $ 150 per barrel.

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