HPCL, BPCL, IOC Shares Surge 2-4% as Trump Assures 'No Strike' on Iran, Oil Prices Fall

• Shares of Indian Oil Marketing Companies (OMCs) HPCL, BPCL, and IOC surged by 2-4% following US President Donald Trump's assurance of no military strike on Iran.
• Trump's statement eased geopolitical tensions that had escalated due to ongoing protests in Iran and his earlier support for protesters.
• The reduced threat of conflict led to a rapid decline in crude oil prices, with Brent crude falling to $63.72.
• HPCL shares jumped 4% to ₹456.50, BPCL rose 3% to ₹367.75, and IOC increased 2% to ₹162.15 on Friday, January 16.
• The assurance from Trump and the subsequent fall in oil prices brought relief to the oil market and boosted Indian PSU oil stocks.

Why It Matters: Trump's 'no strike' assurance on Iran eased geopolitical tensions, causing crude oil prices to fall and Indian OMC shares to rise.