Crude oil price jumps on escalating US-Iran conflict, Trump’s tariffs. Will black gold give silver-like return in 2026?
Crude oil prices on Multi Commodity Exchange of India (MCX) gained over a percent, in line with the rally in international energy prices that touched the highest level since November 2025, amid heightened concerns over potential supply disruptions due to tensions in Iran.
MCX crude oil prices traded 1.48% higher at ₹5,414 per barrel. Brent crude oil rose 0.78% to $64.37 a barrel, while the US West Texas Intermediate (WTI) crude futures gained 0.84% to $60.00.
