SENSEX
NIFTY
GOLD
USD/INR

Weather

image 28    C

Global Business News

The Economic Times

Global Business / The Economic Times

details

Oil prices fall as investors weigh supply outlook, Middle East tensions

Oil prices experienced a downturn as investors weigh the repercussions of shipping assaults in the Strait of Hormuz, particularly from Houthi attacks on Saudi Aramco, heightening supply disruption fears. In response, the US is considering relaxing sanctions on oil transport vessels to stabilize consumer prices. Meanwhile, increased Russian oil production is aiding market stabilization, complemented by a notable decline in US crude oil inventories reported by the American Petroleum Institute.

15 Oct 2026 7:27 am