Indian refiners have reportedly bought about 60 million barrels of Russian oil for delivery next month, easing supply concerns as the Middle East war chokes flows. The cargoes were booked at premiums of $5 to $15 a barrel to Brent,

President Trump said on Tuesday that negotiations to end the war were taking place and that the Iranians would like “to make a deal.” The United States sent Iran a 15-point plan for ending the war in the Middle East.

Stocks end lower as Brent crude oil trades around $104 a barrel on concerns about an escalation of the Iran war.

Oil prices climbed again because of the war with Iran, tightening their grip on the global economy and sending stock markets lower around the world.

Global crude oil prices fell after Donald Trump paused Iran strikes, raising hopes for lower petrol prices, though Nigerian pump prices remain high.

Benchmark Brent oil ​prices jumped above $119 a barrel on Thursday, March 19 after Iran attacked energy facilities across ‌the Middle East.

By Georgina McCartney and Siddharth Cavale HOUSTON/New York, March 18 (Reuters) - The discount for U.S. crude futures versus Brent on Wednesday hit the widest in 11 years, as attacks on Middle Eastern oil infrastructure drove the global benchmark higher while rising supply in the U.

US stock market today shows sharp divergence as Dow Jones rises while Nasdaq falls. S&P 500 slips as tech stocks face pressure. Brent crude oil crosses $100, fueling inflation fears globally. Iran conflict drives oil surge and market volatility.

Iran’s military has mocked the Trump administration’s efforts to strike a deal to end the war, saying the United States is only “negotiating with yourselves.”

Goldman Sachs late on Sunday raised its 2026 average price forecast for Brent crude oil to $85 per barrel (bbl) from $77, while ​raising its West Texas Intermediate (WTI) forecast to $79/bbl from $72.