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Commodity News Details
WTI holds gains amid Hormuz tensions and India oil watch
10-Feb-2026 13:41
WTI crude oil futures hovered around $64 per barrel in mid electronic session on Tuesday, consolidating recent gains as persistent US'Iran tensions sustained a geopolitical risk premium despite cautious diplomatic progress. The US warning to American-flagged vessels transiting the Strait of Hormuz underscored lingering security concerns, while uncertainty over Iran's nuclear stance continues to cap optimism. Markets are also closely tracking India's potential curbs on Russian crude imports following a new US trade deal, a development that could materially tighten global supply. Meanwhile, MCX February crude futures slipped 0.75% to ₹5,826 per barrel as investors await fresh cues from upcoming OPEC+ and IEA reports.

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