Crude-sensitive stocks surged as oil prices dropped significantly following an agreement between Iran and the US to end their conflict and reopen the Strait of Hormuz. This development brings relief to global oil shipments, though analysts advise caution regarding the timeline for full normalization.
Crude-sensitive stocks like Asian Paints, HPCL, and MRF saw a surge of up to 5% following an agreement between Iran and the US. This deal, aimed at ending their conflict, led to a significant drop in oil prices and the reopening of the Strait of Hormuz, easing global oil…
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