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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Petrol-Diesel: America’s decision can make petrol-diesel cheaper in India! There is also a connection with Iran

Petrol-Diesel News: The prices of petrol and diesel have increased once again in the country on Tuesday. This is the second consecutive increase in four days, hence it is a cause of great concern for the people. Due to increase in prices of petrol and diesel, inflation also increases. Which has a direct impact on the life of the common man. Just as the prices of petrol and diesel have increased for the second time in four consecutive days, similarly these prices may increase even more in the coming time. Now IOCL official has recently told about this.

IOCL official told…
In fact, after the increase in the prices of petrol and diesel again, an official of IOCL (Indian Oil Corporation Limited) has said that for the convenience of the consumers and to reduce the burden on them, the prices are being increased gradually. Speaking to Informist, an oil company official said, ‘We do not want to do all this at once, because it will affect inflation’.

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The official further said, ‘Our prices are fixed according to a fixed circle and instead of focusing on quarterly profits, we are trying to save consumers as much as possible. The total increase in prices will be decided at the top level, but considering the global situation, this increase was necessary.

Prices increased again on Tuesday
Let us tell you that on Tuesday morning, May 19, the prices of petrol and diesel have been increased once again across the country. Four days ago, there was an increase of three rupees, now it has been increased by 90 paise more. Due to the ongoing war between Iran and the US, the prices of crude oil are continuously increasing globally. Due to which the prices of petrol and diesel are increasing in India also. On May 15, the government had increased the price of petrol and diesel by Rs 3. After which now people are getting costlier petrol and diesel by about Rs 4 in total.

Also read: Petrol Diesel Price Hike: Outcry over expensive petrol and diesel, now crowd started forming at the pumps, people said – Government should withdraw the decision otherwise…

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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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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