Live UpdatesUS-Iran war news LIVE: Oil prices extended gains on reports that Iran attacked “hostile targets” in the Strait of Hormuz, with Tehran seeking to bar US ships from the critical waterway in a deal with Oman.
Petrol, diesel prices today — 7 Aug: Retail fuel rates held steady on 7 August, despite a rise in Brent crude caused by news of Iran strikes in Hormuz. Check fuel rates in Delhi, Mumbai, Bengaluru, Kolkata and other cities.Petrol, diesel prices today — 7 Aug: Retail fuel rates in India remained stable despite fluctuations in global oil prices.(AFP)Petrol and diesel prices today, 7 August: Retail fuel rates across major Indian cities remained largely unchanged on Friday despite marginal fluctuation. Petrol and diesel prices continue to align with the last major price revision that came about over two months ago, on 25 May, even as crude prices witness tremendous fluctuation due to geopolitical situation in West Asia. Brent crude, the global benchmark, extended gains wiping out some of the declines from earlier in the week.Crude oil price todayAs optimism over reopening of Strait of Hormuz to shipping traffic evaporated, Brent crude price edged higher on 7 August in early Asia trade. Brent traded around $83.45 a barrel, nearly 1% higher after surging almost 4% in the previous session as prospects for a lasting truce remained uncertain. Meanwhile West Texas Intermediate traded around $78.US Bank Asset Management Group senior investment strategy director, Rob Haworth said, “Deals to reopen the Strait of Hormuz remain elusive, with investors teetering in the balance," Bloomberg reported. He added, “For now, traffic remains low and the path to a durable deal remains unclear.”The volatility in global oil prices did not trickle down to retail fuel markets in India as state-owned oil marketing companies (OMCs) shield consumers from market fluctuations and set retail petrol and diesel rates.CityPetrol PriceDiesel PriceNew Delhi ₹102.12 ₹95.20Mumbai ₹111.21 ₹97.83Kolkata ₹113.51 ₹99.82Chennai ₹107.76 ₹99.55Gurugram ₹102.97 ₹95.64Noida ₹101.96 ₹95.44Bengaluru ₹111.68 ₹99.56Bhubaneswar ₹109.20 ₹100.90Chandigarh ₹101.54 ₹89.47Hyderabad ₹115.43 ₹103.58Lucknow ₹101.86 ₹95.36Patna ₹113.37 ₹99.36Jaipur ₹113.19 ₹98.25Thiruvananthapuram ₹115.49 ₹104.40*Source: Good ReturnsUS-Iran war updateIran launched fresh wave of attacks on Thursday night at “hostile targets” in the Persian Gulf at the entrance to the strait. Tehran's semi-official Fars News Agency reported explosions near Qeshm Island in Hormuz. Seeking to bar US and Israeli ships from the critical waterway under the proposed Iran-Oman agreement, Tehran intends to demand compensation from hostile countries to use it.The recent escalation in fight comes as both US and Iran signaled that an accord may be close. US President Donald Trump on Thursday said negotiations were “going fine” and that he was involved. At the White House, he told reporters that the war will end “pretty soon” and that the US is in control of the strait.At the same time, gold traded around $4,240 an ounce as traders assessed the impact of Iranian strikes. Iran-backed Houthi's, who opened a new front to the war, claimed to have conducted a “large-scale” attack against forces from Yemen’s Saudi-backed government.Centre rejects claims of ethanol import from USThe Central government on Thursday rejected claims of ethanol import from US and said India's fuel blending programme and ethanol procurement continue to be governed solely by the country's domestic policy requirements. The commerce and industry ministry in a statement said, “No concessions or commitments relating to the import of ethanol for fuel blending from the US have been made in the India-US trade discussions. Accordingly, any suggestion of a policy change to permit large-scale imports of fuel ethanol from the US is misleading.”Stay updated with the latest Trending, India, World and US news. HomeNewsIndiaPetrol, diesel prices today — 7 Aug: Fuel rates in Delhi, Mumbai, Bengaluru as Brent climbs on Iran strikes in HormuzMore
Live UpdatesUS-Iran war news LIVE: Oil prices extended gains on reports that Iran attacked “hostile targets” in the Strait of Hormuz, with Tehran seeking to bar US ships from the critical waterway in a deal with Oman. Tune in to Live Mint to catch all the latest US-Iran war-related updates.US-Iran war news LIVE: Oil continues to extend gains as Iran attacks targets in Hormuz(AFP)US-Iran war news LIVE: Oil prices extended gains on reports that Iran attacked “hostile targets” in the Strait of Hormuz, with Tehran seeking to bar US ships from the critical waterway in a deal with Oman. West Texas Intermediate (WTI) rose above $78 a barrel after surging almost three per cent in the previous session, while Brent settled around $82. The attacks on "hostile targets" took place on Thursday night (local time) after explosions were reported near Qeshm Island in Hormuz, Fars news agency reported. Crude has erased most of the declines from earlier in the week as optimism over a full resumption of the Strait of Hormuz evaporated. According to reports, under the proposed Iran-Oman agreement, Tehran intends to ban Israeli ships from the Strait and seek compensation from hostile countries to use it.Saudi military says Houthi attack left 11 civilians injuredSaudi military on Thursday said that more than 10 civilians, including a four-year-old, were left injured in the country following a series of attacks by Yemen’s Houthi rebels. The attacks took place in the southern region of Najran near the Yemeni border and came hours after the Iran-backed rebel group claimed responsibility for another series of strikes in central and eastern Yemen that killed at least 30 government troops and wounded at least 50 others. The back-to-back attacks mark the latest major escalation since a truce in Yemen in April 2022 halted major fighting between Houthis and a Saudi-led coalition, which backs the internationally recognized government.Iranian President says 'people didn't feel the war at all'Iranian President Masoud Pezeshkian on Thursday (local time) said coordinated governance, effective crisis management, and cooperation from neighbouring countries helped the Islamic Republic withstand the ongoing West Asia conflict, asserting that ordinary citizens "didn't feel the war" despite attacks on key infrastructure. In a televised address, he credited government agencies, provincial administrations, and cabinet coordination for maintaining normalcy during the conflict. He said, "The people didn't feel the war at all; they only realised something had happened when they were struck somewhere or saw the images on television. This situation was shaped thanks to our managers, governors, county governors, and the coordination of our ministers."Trump says 'war's got to end pretty soon'US President Donald Trump on Thursday (local time) expressed confidence that the US-Iran conflict would end "pretty soon" and said that he believes Tehran "can't go much longer." He also voiced optimism over ongoing negotiations related to the Strait of Hormuz while reaffirming the commitment to prevent Iran from possessing a nuclear weapon. Speaking to reporters at the Oval Office, Trump said, "When I started the very important excursion into the Islamic Republic of Iran, it was a very important excursion because they can't have a nuclear weapon; otherwise the whole world would get blown up. We're not gonna let that happen. Not only us, not only the Middle East, but the whole world would have been... It would have been catastrophic. We had no choice... We will see those days pretty soon again, based on everything I see, as soon as the war ends. And I think the war's got to end pretty soon. I don't think they can go much longer."Key Events07 Aug 2026, 05:48 AM IST07 Aug 2026, 05:48 AM ISTFollow updates here:7 Aug 2026, 05:48:34 AM ISTUS-Iran war news LIVE: Iranian President says 'people didn't feel the war at all'Iranian President Masoud Pezeshkian on Thursday (local time) said coordinated g
Discussion (0)