Oil Prices Climb as Global Markets Turn Nervous
Global oil prices have surged to their highest levels in months, driven by renewed conflict between the U.S. and Iran, rattling equity markets and bond yields.
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Global oil prices have surged to their highest levels in months, driven by renewed conflict between the U.S. and Iran, rattling equity markets and bond yields.
Renewed U.S.-Iran fighting is driving oil volatility, inflation fears and higher global bond yields, putting pressure on stocks and borrowing costs worldwide.
Brent crude topped $91 a barrel as renewed military strikes between the United States and Iran near the Strait of Hormuz revived fears of a wider energy supply disruption.
Iran and Oman are working on a temporary navigational corridor through the Strait of Hormuz, but the proposed route has not yet been formally announced or confirmed as operational.
The Indian rupee traded near 95.73 per dollar as elevated oil prices and importer demand offset RBI intervention and steady foreign portfolio inflows.
Global equities weakened on Monday as investors awaited details of expected new U.S. sanctions on Iran and assessed the risk of further disruption to energy shipments through the Strait of Hormuz.
The Indian rupee closed at ₹95.44 per US dollar on August 13, 2026, after reaching a record intraday low of ₹96.96 in May. Here is what oil, trade, foreign flows, RBI intervention and domestic…
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