Bharat Express DD Free Dish

Strait Of Hormuz

Iran claims its air defences intercepted three US drones as reported strikes on Qeshm Island raise tensions with Washington.

Brent crude rises above $105 as reported US military action on Iran's Qeshm Island renews concerns over global oil supplies.

Brent crude rose to $115.43 a barrel as reports of a Houthi attack on a Saudi refinery revived Middle East supply concerns.

Crude oil prices fell for a second session as Tehran talks eased supply concerns, while Middle East security risks persisted.

President Donald Trump warns of fresh US military strikes against Iran if Tehran fails to reach an agreement with Washington.

Brent crude rose to $109.69, up 3.56%, as renewed attacks and supply disruption concerns weakened hopes for near-term oil market relief.

The Iran war has cost US consumers an estimated $265 billion, with higher fuel prices, airfares and mortgage rates squeezing household budgets.

Qatar’s revenue fell 42% in the first half of 2026 as conflict disrupted LNG exports, damaged energy infrastructure and strained public finances.

Goldman Sachs raises its December Brent crude forecast to $90 per barrel, citing supply risks linked to the West Asia conflict.

Trump claims Russia will supply over 4.8 million tonnes of diesel under a proposed arrangement with Putin, predicting lower fuel prices.