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Crude Shock: Indian Basket Trades Above $100 Per Barrel
Oil prices climbed towards $100 a barrel on Wednesday, marking the fourth straight session of increases. Renewed hostilities between the United States and Iran have significantly unsettled the crude oil market. Tensions flared as Iran targeted US positions with missiles in response to the destruction of its oil tankers by US forces. This escalating conflict continues to keep oil markets highly volatile.
In a notable intensification of their trade spat, the United States and Canada have introduced new restrictions following a series of tariff impositions. The latest US measures impact Canadian dairy and alcohol goods, prompting Canada to seek diminished economic reliance on America. Currently, both nations are evaluating their positions with no immediate discussions on the horizon.
Stock market recommendations: Titagarh Rail Systems, AIA Engineering, and HBL Engineering - Mehul Kothari, DVP of Technical Research at Anand Rathi Shares has identified these as the top technical stock picks for September 9, 2026.