Asian Paints, HPCL, MRF other crude-sensitive stocks jump up to 5% on Iran-US peace deal framework (opens original article in a new tab)

Asian Paints, HPCL, MRF, and other crude-sensitive stocks remain in focus as oil prices fell 5-6% following an Iran-US peace deal framework that aims to reopen the Strait of Hormuz.

• Oil prices dropped 5-6% after Iran-US peace deal framework
• Crude-sensitive stocks like Asian Paints, HPCL, MRF affected by oil price fluctuations
• Analysts caution that shipping normalization through Strait of Hormuz may take months
• Brent crude futures traded near $83 per barrel, WTI Crude futures at $80 per barrel
• Shares of OMCs, paint, and tyre makers dropped up to 22% this year due to Middle East conflict