Download the app
App StorePlay Store
Beige
Login
← All tags

oil prices

Bitcoin slips toward 79K as Treasury yields and oil surge spark broad risk off selling

Bitcoin slips toward 79K as Treasury yields and oil surge spark broad risk off selling

Bitcoin drifted toward $79,000 as rising US Treasury yields, renewed inflation worries, and high oil prices triggered a risk-off mood across global markets. The pullback followed a failed attempt to regain the $82,000–$82,500 resistance band, with trading around $78,799. In 24 hours, Bitcoin fell about 2% and Ethereum slipped 1%. Overall crypto market value fell roughly 2% to $2.63 trillion, while analysts flagged ETF flows, macro liquidity, and on-chain behavior as key for the next move.

Summarised by Beize from a story on The Economic Times on 16 May 2026
Crude oil jumps 8% in a week near 110 as Iran talks sour and Hormuz reopening hopes fade

Crude oil jumps 8% in a week near 110 as Iran talks sour and Hormuz reopening hopes fade

Crude oil surged nearly 8% over the week, pushing Brent to $109.26 and WTI to $105.42, as renewed U.S. and Iran rhetoric dimmed hopes for a quick deal on ship attacks near the Strait of Hormuz. While a ceasefire remains, expectations for rapid reopening have weakened, raising fears of longer disruptions to oil and LNG flows through a route carrying nearly one-fifth of global supplies. Analysts warn pricing could stay volatile if Hormuz closure drags into June or beyond.

Summarised by Beize from a story on The Economic Times on 16 May 2026

Your news, in seconds

App StorePlay Store
Oil shock could widen India deficit and lift inflation as US Iran war drags on expert warns

Oil shock could widen India deficit and lift inflation as US Iran war drags on expert warns

As the US-Iran conflict shows no signs of ending, former UN Economic Advisor Santosh Mehrotra warns India faces a fresh oil-driven spiral. He says every USD 10 rise in global oil can widen India’s current account deficit by about 0.3% of GDP and similarly lift CPI. With GDP and CPI revisions already reflecting the “current situation,” he fears prolonged war effects. He points to Strait of Hormuz disruptions, tighter LPG supply hurting restaurants and ceramics, and a diesel hike that could further spread inflation to consumers.

Summarised by Beize from a story on The Economic Times on 16 May 2026
Oil at 100 and gold imports surge Could push India trade deficit and CAD toward 2 percent GDP

Oil at 100 and gold imports surge Could push India trade deficit and CAD toward 2 percent GDP

ICICI Bank Global Markets warns India’s external balance may worsen as a West Asia conflict keeps oil prices elevated, with crude averaging near USD 100 per barrel. Even with resilient services exports, it expects the current account deficit to land around 1.5–2% of GDP, assuming non-essential imports are curbed and capital inflows improve as global risk sentiment stabilizes. April data showed goods exports up 14% but imports rose faster, led by an 82% jump in gold.

Summarised by Beize from a story on The Economic Times on 16 May 2026
Tech slumps drag Dow S&P 500 and Nasdaq lower as yields and oil jump after Trump Xi letdown

Tech slumps drag Dow S&P 500 and Nasdaq lower as yields and oil jump after Trump Xi letdown

Wall Street reversed its recent momentum on Friday, pushing the S&P 500, Nasdaq, and Dow Jones lower as investors retreated from a stretched technology rally. The sell-off gathered pace alongside rising Treasury yields, with the 30-year yield moving above 5.1% amid inflation worries. Oil surged after Trump’s comments on Iran, lifting West Texas and Brent above key thresholds. Market hopes were also dampened by a Trump-Xi summit that delivered fewer breakthroughs than traders expected.

Summarised by Beize from a story on The Economic Times on 15 May 2026
India’s iron ore and transport rely heavily on petroleum as oil jumps to $100

India’s iron ore and transport rely heavily on petroleum as oil jumps to $100

With Brent crude climbing to around $100 a barrel from $73 since the Middle East unrest began on February 28, India’s core sectors face fresh cost pressure. New Supply and Use Tables from the statistics ministry show petroleum products embedded in intermediate inputs across industries. Iron ore is the biggest standout, with petroleum accounting for 56.7% of intermediate consumption in 2023-24, followed by mining at 56% and land transport at 54.7%, putting multiple supply chains at risk.

Summarised by Beize from a story on The Economic Times on 15 May 2026

Never miss a story

App StorePlay Store
Treasury yields jump to one-year high as Trump Iran comments and oil spike reprice inflation fears

Treasury yields jump to one-year high as Trump Iran comments and oil spike reprice inflation fears

Longer-dated U.S. Treasury yields rose to their highest levels in a year as oil prices climbed and renewed fears of Middle East energy disruptions intensified inflation worries. Friday’s jump followed comments from President Donald Trump and Iran’s foreign minister, which dimmed hopes for a quick deal to end attacks and seizures near the Strait of Hormuz. Investors were further spooked by fresh inflation data showing energy impacts already boosting both consumer and producer prices, pushing yields up across the curve.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Nasdaq and S&P 500 futures plunge as Treasury yields jump over inflation fears from Middle East conflict

Nasdaq and S&P 500 futures plunge as Treasury yields jump over inflation fears from Middle East conflict

U.S. stock futures tracking the Nasdaq and S&P 500 dropped more than 1% as Treasury yields jumped amid rising inflation worries tied to the Middle East conflict. The 10-year Treasury yield hit 4.54%, the highest since early June 2025, while bond markets priced in faster rate hikes and weaker growth. Even after Wall Street’s AI-fueled record closes, Brent crude climbed almost 3% to about $109 as the Strait of Hormuz remained closed, pressuring oil-heavy sectors like airlines.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Gold crashes 13% in weeks as yields and dollar surge after Hormuz shock

Gold crashes 13% in weeks as yields and dollar surge after Hormuz shock

Gold prices are tumbling sharply, falling over 13% since the U.S.-Iran conflict escalated on February 28. Spot gold dropped 2% to around $4,557 per ounce, the lowest in weeks, with losses extending for a fourth straight session. The move is being blamed on rising oil prices fueling renewed inflation fears, higher U.S. Treasury yields, and a stronger dollar. Markets have also grown more skeptical about near-term rate cuts, weighing on the non-yielding metal.

Summarised by Beize from a story on The Economic Times on 15 May 2026
European stocks plunge as Iran standoff fuels energy shock and inflation fears before ECB moves

European stocks plunge as Iran standoff fuels energy shock and inflation fears before ECB moves

European shares tumbled on Friday as a deadlock in U.S.-Iran talks hit risk appetite, rattled energy markets, and revived slowdown concerns. Trump said his patience with Iran is running out after agreeing with Xi Jinping that Tehran must not obtain nuclear weapons and should reopen the Strait of Hormuz. Global bonds fell and oil rose. U.S. and European inflation prints this week pointed to the Iran war’s effects in consumer and producer prices, boosting expectations of further ECB tightening.

Summarised by Beize from a story on The Economic Times on 15 May 2026

Reading on mobile?

App StorePlay Store
India trade deficit hits $28.38 billion in April as imports surge and energy shock bites hard

India trade deficit hits $28.38 billion in April as imports surge and energy shock bites hard

India’s merchandise trade deficit widened to $28.38 billion in April, beating Reuters’ $26.5 billion forecast, as imports surged and energy costs rose amid conflict in the Middle East. Exports rose to $43.56 billion, but imports climbed to $71.94 billion from $59.59 billion. Services trade offered partial support, lifting estimated overall exports of goods and services to $80.80 billion. The rupee took pressure and policymakers intervened, while Modi urged fuel conservation and curbs on non-essential imports and travel.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Morgan Stanley Says India Can Hit 12% Nominal Growth as Earnings Resume After Six-Quarter Slump

Morgan Stanley Says India Can Hit 12% Nominal Growth as Earnings Resume After Six-Quarter Slump

Morgan Stanley believes India can lift nominal growth toward 12% even as a West Asia crude oil crisis squeezes the global outlook. The bank says earnings growth has already turned after a six-quarter mid-cycle slowdown and should improve further, supported by RBI and government reflationary steps such as rate cuts, bank deregulation, liquidity infusion, and targeted capex in energy, defence, semiconductors, fertilisers, and data centres. Challenges remain, including limited direct AI exposure for equities and AI disruption risks for services exports.

Summarised by Beize from a story on Republic on 15 May 2026
Markets rebound but Sandip Sabharwal warns global macros now overpower earnings in India’s next rally leg

Markets rebound but Sandip Sabharwal warns global macros now overpower earnings in India’s next rally leg

Indian equities bounced back after early-week jitters, helped by fuel hikes being passed to consumers and fading concerns around the Adani group. But market expert Sandip Sabharwal says the next leg of the bull run hinges less on corporate earnings and more on global macro forces—commodity prices, inflation, and Middle East geopolitical risk. Investors are watching what happens in Iran after Donald Trump’s China visit, with crude possibly cooling only if tensions ease.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Rupee slips toward record low as oil tops $100 and US yields jump despite bank dollar support

Rupee slips toward record low as oil tops $100 and US yields jump despite bank dollar support

The Indian rupee weakened on Friday, edging close to its record low as oil stayed above $100 a barrel and US bond yields climbed. It fell 0.2% to 95.94, near the 95.9575 record hit the prior session, but state-run banks’ dollar sales helped prevent a deeper slide. Brent rose above $107 after fresh Iran-related uncertainty. India also raised petrol and diesel prices by more than 3% for the first time in four years, while markets priced about 90 bps of potential hikes, alongside expectations of Fed tightening.

Summarised by Beize from a story on The Economic Times on 15 May 2026

Follow your favourite sources

App StorePlay Store
Oil-driven inflation fears push US bond yields higher for longer as Fed chief Kevin Warsh faces pressure

Oil-driven inflation fears push US bond yields higher for longer as Fed chief Kevin Warsh faces pressure

Investors are bracing for US Treasury yields to stay elevated, driven mainly by oil prices rising amid a prolonged Middle East conflict and persistent inflation above the Fed’s target for nearly five years. Long-dated yields, including the 10-year benchmark, have surged—up about 45 basis points since early March and hitting an 11-month high. Higher borrowing costs could weigh on growth and equities, while Warsh must manage inflationary pressures beyond the Fed’s direct control.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Hyderabad’s Petrol Jumps Past Mumbai and Kolkata After Rs 3 Nationwide Hike

Hyderabad’s Petrol Jumps Past Mumbai and Kolkata After Rs 3 Nationwide Hike

State-owned OMCs in India raised petrol and diesel prices by Rs 3 per litre nationwide, the first major change in nearly four years. Retail rates soon broke the psychological Rs 100 mark in most metros, with Hyderabad recording the highest petrol at about ₹110.89 per litre, ahead of Kolkata and Mumbai. The move is linked to the Iran-US conflict, rising Brent crude near $126 and a Strait of Hormuz disruption. Economists warn inflation could cascade into logistics and daily essentials.

Summarised by Beize from a story on Republic on 15 May 2026
Crude Jumps Above $105 as Strait of Hormuz risks rise and Iran ceasefire stalls

Crude Jumps Above $105 as Strait of Hormuz risks rise and Iran ceasefire stalls

Oil prices rose Friday, pushing Brent above $105 a barrel, as traders grew wary of ship attacks and seizures near the Strait of Hormuz despite Iran’s claim that around 30 vessels crossed safely. Markets are also tracking US China talks in Beijing. A US naval blockade remains active, and a commercial ship was reportedly seized before being taken into Iranian waters. With the IEA warning the market may stay severely undersupplied until October, analysts warn the squeeze could last into late 2027.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Gold slips toward weekly loss as oil inflates fears and traders track Trump Xi summit

Gold slips toward weekly loss as oil inflates fears and traders track Trump Xi summit

Gold prices slid to a more-than-one-week low and were on track for a weekly decline as surging energy costs reignited inflation worries and raised the prospect of higher-for-longer interest rates. Traders also kept a close watch on the Trump Xi meeting, while the Fed signaled no near-term policy change. With the dollar firming, the pressure intensified. Meanwhile, India is set to restrict gold imports to 100 kilograms under an advance authorization scheme.

Summarised by Beize from a story on The Economic Times on 15 May 2026

Stay informed on the go

App StorePlay Store
CNG price jumps Rs 2 per kg across regions as Strait of Hormuz disruption worsens

CNG price jumps Rs 2 per kg across regions as Strait of Hormuz disruption worsens

CNG prices in India have been increased by ₹2 per kg in multiple regions after petrol and diesel rates rose amid ongoing disruptions to the Strait of Hormuz, a key oil transit route. With nearly 20% of the world’s oil supply normally passing through the strait, shipping disruptions and tighter LNG flows have pushed crude and fuel costs higher. In the Mumbai Metropolitan Region, CNG now costs ₹84 per kg. Auto-rickshaw and taxi operators are pressing for fare revisions as further increases loom.

Summarised by Beize from a story on Republic on 15 May 2026
Oil prices jump as Strait of Hormuz fears linger after seizure and ship-attack warnings

Oil prices jump as Strait of Hormuz fears linger after seizure and ship-attack warnings

Oil prices rose on Friday as investors stayed nervous about attacks and seizures tied to the Strait of Hormuz, even after Iran said around 30 vessels had crossed since Wednesday evening. Brent futures climbed to $106.32 a barrel and WTI to $101.71, with analysts pointing to tight supply as the dominant driver. The White House said Donald Trump and Xi Jinping agreed on keeping Hormuz open, while a ship was reportedly seized near the UAE. Separately, an Indian livestock cargo vessel sank off Oman.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Page 1

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.

Download on the App StoreGet it on Google Play