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Oil prices surged over 2% as intensified fighting between Israel and Hezbollah in Lebanon overshadowed hopes for a ceasefire extension with Iran. Stepped-up conflict, despite a prior truce, dimmed expectations for a deal, while concerns over mines in the Strai... Oil prices surged over 2% as intensified fighting between Israel and Hezbollah in Lebanon overshadowed hopes for a ceasefire extension with Iran. Stepped-up conflict, despite a prior truce, dimmed expectations for a deal, while concerns over mines in the Strait of Hormuz further tightened supply outlooks. Hormuz is a conduit for about a fifth of global oil and gas flows and Iran has effectively closed it since the conflict began with U.S. and Israeli strikes in February. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price Different eras, but current rupee slide has elements of 1991 crisis Down 30% in 1 year, are AI-hit Infy, TCS still value stocks? Wafers to war: Vinay Dube on how Iran crisis is hitting Akasa Stock-linked pay for UGRO promoter raises governance concerns An unusual skill shortage that’s stalling govt’s PNG push Stock Radar: AIA Engineering hits fresh 52-week high in May post breakout; time to buy? Choose your reason below and click on the Report button. This will alert our moderators to take action Your Reason has been Reported to the admin. 15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers It seems like you're already an ETPrime member with Login using your ET Prime credentials to enjoy all member benefits Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits. Trump temper on H-1B visas is forcing Indians to do these things to stay put in US What Adani’s US indictment means for India Inc’s overseas fundraising Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer. Will China’s dollar bond sale in Saudi Arabia trump the US in financial world? Huawei launches its own OS to compete with Google and Apple. But can it win beyond China? Why a falling rupee is a better option for the economy A list of top 20 momentum stocks that have delivered massive returns in one year Get daily trade ideas from SEBI-registered research analysts. Grow your wealth with stock ideas & sectoral trends. All-in-one stock research with Stock Score, peer comparison & key signals. Get to know where the market bulls are investing to identify the right stocks. Check the score based on the company's fundamentals, solvency, growth, risk & ownership to decide