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IndiGo, SpiceJet Stocks Jump 8% as Oil Prices Fall Below $90 After Trump's Iran War End Remark
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IndiGo, SpiceJet Shares Soar 8% as Oil Dips Below $90 on Trump's Iran Peace Hopes
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News18
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10-03-2026, 10:45
IndiGo, SpiceJet Shares Soar 8% as Oil Dips Below $90 on Trump's Iran Peace Hopes
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IndiGo and SpiceJet shares surged up to 8% after crude oil prices fell sharply.
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US President Donald Trump signaled that the conflict with Iran could end soon, easing market concerns.
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Crude oil prices dropped below $90 per barrel following Trump's hints at easing sanctions and ensuring oil flow.
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Trump mentioned deploying the US Navy to secure the Strait of Hormuz; G7 leaders are prepared to release strategic oil reserves.
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Lower oil prices offer relief to Indian markets, potentially reducing import bills and inflation.
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