Oil futures fell slightly on hopes for a potential deal to extend a U.S.-Iran ceasefire, although remarks from Vice President JD Vance that the nations were “close” to reaching a deal but “not there yet” kept a floor under prices.

Markets open cautiously after Monday's surge; crude prices rise amid fresh US strikes in Iran, impacting investor sentiment.

Gold futures drop to ₹1.57 lakh/10g as US strikes on Iran boost dollar demand and trigger market volatility.

Crude oil futures traded lower on Wednesday morning as indirect talks between the US and Iran continued despite US military strikes on Iranian targets earlier this week.

Iran state TV said an unofficial US-Iran framework proposes restoring Strait of Hormuz shipping and easing regional tensions after the conflict.

Tehran’s closure of key oil chokepoint after US-Israel war triggers global economic concerns

The GIFT Nifty futures were at 23,890.05 as of 7:52 am, indicating the benchmark Nifty 50 would open near Wednesday’s close of 23,907.15.

Gold edged higher on Friday as investors assessed reports of a U.S.-Iran ceasefire deal amid growing concerns around inflation and U.S. interest rate hikes.

Crude oil futures drop as reports emerge of a potential US-Iran ceasefire extension, impacting market expectations.