Crude Oil Futures Rise Over 1% on MCX Following Fresh US Threats to Iran

Crude oil futures rebounded from early losses to gain more than 1 percent on Thursday, tracking firm global trends as fresh US pressure aimed at isolating Iran stoked concerns over possible disruptions to global oil supplies. Analysts noted that the rally marked the fifth straight session of gains for MCX crude futures as investors weighed the impact of the latest developments on Iran's oil trade.

On the Multi Commodity Exchange (MCX), crude oil for September delivery appreciated by ₹96, or 1.18 percent, to ₹8,247 per barrel. Similarly, the October contract advanced by ₹91, or 1.14 percent, to settle at ₹8,097 per barrel.

These gains were mirrored in international markets. Brent crude futures for October delivery rose $1.95, or 2.13 percent, to $93.57 per barrel on the Intercontinental Exchange. Meanwhile, West Texas Intermediate (WTI) crude oil for the same-month contract climbed $1.87, or 2.22 percent, to reach $86.26 per barrel on the New York Mercantile Exchange.

The upward movement in prices follows announcements from Washington regarding a fresh campaign to isolate Iran economically. US President Donald Trump announced a campaign via social media, warning that countries and entities supporting Tehran could face severe economic consequences. US Treasury Secretary Scott Bessent also stated last week that Washington would step up efforts to economically isolate Iran.

Brokerage firm Kotak Neo noted that the market is currently pricing in the risk of tighter Iranian crude flows, with the Strait of Hormuz emerging once again as a key pressure point. While the announcement lacked specific details regarding targeted countries or measures, analysts suggest that any disruption to flows through this strategic shipping lane could add risk to the sensitive oil outlook. Market participants are expected to closely monitor potential supply disruptions, retaliatory actions around the Strait of Hormuz, and potential rerouting of Iranian crude flows.

"Geopolitical tensions in major oil-producing and shipping regions consistently introduce volatility into commodity markets. For businesses and startups operating in logistics, manufacturing, and transportation, rising crude prices directly impact operational overheads and input costs. Founders and business leaders must closely monitor these macroeconomic shifts and maintain flexible supply chain strategies to absorb potential fluctuations in fuel and energy prices effectively." — Dr. Shishir Gupta, Founder & CEO, StartupLanes