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Petrol, diesel prices today: How much does fuel refill cost in Delhi, Mumbai, Kolkata, Bengaluru on 5 May

Petrol, diesel prices today: How much does fuel refill cost in Delhi, Mumbai, Kolkata, Bengaluru on 5 May

Petrol and diesel prices in India remained stable despite global fuel price pressures due to the Strait of Hormuz blockade and US-Iran tensions. Crude oil prices rose due to tensions in the Strait of Hormuz, affecting the rupee and market sentiments with a notable decline in Sensex and Nifty. Petrol and diesel prices remained stable […]

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Trump’s ‘Project Freedom’ boosts oil prices amid Strait of Hormuz tensions

Trump’s ‘Project Freedom’ boosts oil prices amid Strait of Hormuz tensions

## Market Snapshot WTI Crude Oil market is currently evaluating the likelihood of prices reaching $150 in May. Recent developments have led to increased pricing activity, consistent with the YES outcome. Bitcoin markets for May 6 and 7 show strong support for the price remaining above $66,000, with odds at 99.7% and 99.4% YES, respectively.

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Iran tensions push Brent crude to highest since March 2022 at $126.4

Iran tensions push Brent crude to highest since March 2022 at $126.4

## Market Snapshot The Bitcoin market for May 7 currently shows 99.4% YES pricing for the price being above $66,000, with no significant changes over the past day. Meanwhile, crude oil markets predict a 100% YES outcome for prices hitting $90 by the end of June. ## Key Takeaways – Market sentiment appears consistent with

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Barclays predicts no Fed rate cuts until 2027 amid inflation, oil price concerns

Barclays predicts no Fed rate cuts until 2027 amid inflation, oil price concerns

## Market Snapshot Fed Rate Cuts Predictions for 2026 are currently at 45% YES, indicating a decrease in likelihood. The Fed Decision markets for June and July 2026 show a 3.6% YES for June and 88.5% YES for July, suggesting differing expectations for rate changes in these months. ## Key Takeaways – Barclays’ forecast of

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Oil heads for weekly drop below $110 amid Iran talks and market jitters

Oil heads for weekly drop below $110 amid Iran talks and market jitters

Oil prices are on track to close the week below $110 per barrel after sharp swings in trading, driven by shifting geopolitical signals and supply-side developments. Brent crude’s June contract briefly surged to $126 per barrel on Thursday before easing, as markets reacted to Iran’s proposal for renewed negotiations sent to the Trump administration through

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Oil Prices Fall as Trump Launches “Project Freedom” and OPEC+ Increases Output

Oil Prices Fall as Trump Launches “Project Freedom” and OPEC+ Increases Output

By Josh Owens – May 03, 2026, 8:40 PM CDT Oil prices edged lower in early Asian trading on Monday after President Trump announced the U.S. would guide ships through the Strait of Hormuz and OPEC+ confirmed a modest output increase. At the time of writing, WTI crude was down 0.65% at $101.30, while Brent

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Iran weighs US response to peace plan after warning against military action

Iran weighs US response to peace plan after warning against military action

AFP 3 May, 2026 06:53 PM 4 mins to read Commuters make their way past an anti-US billboard referring to President Donald Trump and the Strait of Hormuz, installed on a building at the Valiasr Square. Photo / AFP Commuters make their way past an anti-US billboard referring to President Donald Trump and the Strait

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Iran war : Nigeria rakes in N5.13tn oil revenue amid soaring fuel prices

Iran war : Nigeria rakes in N5.13tn oil revenue amid soaring fuel prices

Nigeria recorded an estimated N5.13 trillion surge in oil revenue within two months as global crude prices spiked sharply following tensions arising from the United States–Iran conflict, significantly exceeding projections in the Federal Government’s 2026 budget. The crisis, which began on February 28 when oil prices were below $70 per barrel, has since driven prices

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