Oil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated. Despite some positive signals from U.S. officials and Pakistani facilitation, significant gaps remain, particularly on uranium stockpiles. Global oil inventories are depleting rapidly due to the disruption, impacting the global economy and leading to revised price forecasts.
F&O Talk: Weak market breadth to keep Nifty in sideways trend. Sudeep Shah’s take on Amber, Tata Comm and 4 more stocks
Indian markets ended higher on Friday, led by financial stocks, but analysts said Nifty remains trapped in a narrow range amid weak momentum and limited
May 23, 2026