SENSEX
NIFTY
GOLD
USD/INR

Weather

image 21    C

Business News

The Economic Times

Business / The Economic Times

details

Oil hovers near six-month high as investors track US-Iran tensions

Oil prices held near six-month highs Friday, nudged by lingering U.S.-Iran tensions, though gains paused amid prospects of dialogue and a potential ceasefire. While U.S. sanctions were issued, a stronger dollar and rising crude output also pressured prices. Analysts anticipate prices to hover around $60 this year, balancing oversupply fears with geopolitical risks.

31 Jan 2026 9:59 am