India has resumed purchases of Iranian crude for the first time since 2019, according to its oil ministry, as Middle East tensions and disruptions around the Strait of Hormuz challenge traditional supply routes. The move could influence pricing dynamics for global benchmarks Oil – Brent Crude and Oil – US Crude, with investors watching for any shift in trade flows or sanctions-related responses.
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Over the past month, Oil – US Crude has surged about 45%, reflecting heightened geopolitical risk and tightening supplies, while its 1-day technical signal stands at Buy. Oil – Brent Crude has advanced roughly 33% in the same period, with a current 1-day technical reading of Strong Buy, suggesting short-term momentum remains firmly bullish. Investors can explore more updates, prices, and analysis across global markets at Commodities.