Kotak expects a combined loss before tax of Rs 62,000 crore for OMCs, led by elevated benchmark prices, premiums, logistic costs, a weak rupee and delayed retail price rise

A series of attacks in the Strait of Hormuz sent Brent crude and West Texas Intermediate prices higher Tuesday.

Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region.

Brent crude dips slightly below $78 a barrel; most Asian stock markets bounce back

Tech futures rose overnight after Nvidia, Dell and other AI stocks bounced and SpaceX hit a new low. Oil prices kept rising on Iran news.

Iran's foreign minister arrived in Oman on Saturday to discuss arrangements for the safe passage of ships through the Strait of Hormuz, Iranian state media said.