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Industrials

Ramco Industries Limited

NSE: RAMCOIND | Information Technology

โ‚น339.9
-1.41% Today

Market Fundamentals

Market Cap
โ‚น2,952 Cr
P/E Ratio
N/A
Dividend Yield
0.00%
52W High
โ‚นN/A

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Economic Times Marketsโ€ข2026-08-11

Oil steadies near one-week highs as US-Iran peace deal hopes dim

Oil prices maintained their position on Tuesday as hopes for a US-Iran deal faded, hampered by President Trump's stringent demands that are complicating operations in the Strait of Hormuz. The restart of Saudi Aramco's Jazan refinery has been pushed back due to recent Houthi assaults, leading to constrained energy flows and a marked decline in crude oil exports through this strategic area.

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Economic Times Marketsโ€ข2026-08-10

Oil climbs 5% as Iran, US both demand compensation and Hormuz hopes fade

Oil prices rose significantly as Iran and the United States exchanged compensation demands. Prospects for reopening the Strait of Hormuz dimmed due to these escalating tensions. Ukraine continued to strike Russian refineries and tankers, further impacting supply. Saudi Aramco postponed a refinery restart after recent Houthi attacks. US Strategic Petroleum Reserve stocks reached their lowest level since 1983.

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