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Crude Oil Prices Skyrocket Amidst Volatile Trading, Stocks Show Mixed Performance
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Oil Prices Soar, Stocks Mixed Amid Iran Tensions and Volatile Trade
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Moneycontrol
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03-04-2026, 03:07
Oil Prices Soar, Stocks Mixed Amid Iran Tensions and Volatile Trade
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Oil prices surged, with Brent up 7.78% and U.S. crude soaring over 11%, driven by escalating U.S.-Iran tensions.
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Global equities saw mixed results; European shares trimmed losses, while Wall Street ended choppy ahead of Good Friday.
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Donald Trump's remarks about hitting Iran "extremely hard" fueled market volatility, despite reports of Iran-Oman protocol for Strait of Hormuz.
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Gold prices fell as the U.S. dollar gained, and government bond yields jumped on inflation and interest rate hike expectations.
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India's central bank banned non-deliverable forwards to support the rupee, causing a 2% rebound.
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