Oil prices climb more than 3% on fears of new US-Iran combat

May 16, 2026

Oil prices surged over 3% as U.S. President Trump and Iran’s foreign minister exchanged confrontational remarks, diminishing hopes for a deal to end ship attacks around the Strait of Hormuz. Despite a shaky ceasefire, the strait’s potential reopening is uncertain, impacting global oil supplies and pushing prices higher.

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Oil slips after OPEC+ agrees to raise output targets

Oil prices dipped as OPEC+ agreed to boost output from August, with key producers seeing recovering exports via the Strait of Hormuz. Despite the planned

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Analysts back buy-on-dips strategy as Nifty targets 24,450–24,800

Indian stock market analysts are optimistic, anticipating the Nifty to continue its upward trend. They suggest buying on dips around the 24,000-24,150 mark, with potential

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