August, 10 2026 Monday 09:44 Hrs
Last update 11-9-2025
  • SENSEX :   78,390.83

  • Top commodity trading and broking companies in India-108.34( -0.14%) 10-Aug-2026

Pre Session Commentary - Detailed News

Energy Preview: WTI crude oil climbs on renewed tensions surrounding Strait of Hormuz
07-Aug-26   09:17 Hrs IST

WTI crude oil prices climbed higher on Friday morning in Asia as renewed tensions in the Strait of Hormuz unsettled global markets, casting fresh doubt over efforts to fully reopen the vital shipping route. Tensions were further heightened by a proposed Iran-Oman agreement governing the strategic waterway. Reports stated that Tehran seeks to prohibit United States (US) and Israeli vessels from transiting the strait and require countries deemed hostile to pay compensation before being granted passage. US officials reiterated their confidence that a nuclear agreement with Iran was within reach, although investors remained cautious about the prospects for a durable and lasting peace. Currently, the counter is quoting at $78.09 per barrel, up around 1% on the day. Brent is also up more than 1% at $83.49 per barrel.

Powered by Commodity Insights

Top

Attention Investor:

Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.