Live UpdatesUS-Iran war LIVE: Oil prices on Monday held a three-day gain after US President Donald Trump made sweeping new demands on Iran, clouding the outlook for a deal to reopen the Strait of Hormuz.
Petrol, diesel prices today — 11 August: Retail fuel rates held steady on Tuesday, despite an increase in Brent crude price. Check fuel rates in Delhi, Mumbai, Gurugram and other cities.Petrol, diesel prices today — 11 Aug: Retail fuel rates in India remained stable despite fluctuations in global oil prices.Petrol and diesel prices today, 11 August: Petrol and diesel prices in major cities remained largely unchanged on Tuesday. Fuel rates set by state-run Oil Marketing Companies (OMCs) remain steady across major cities like Delhi, Mumbai, Gurugram and Chandigarh despite fluctuations in global crude oil.Retail petrol and diesel prices continue to align with the last major price revision that came about over two months ago, on 25 May. State-run fuel retailers continue to insulate consumers from market fluctuations and volatility in oil prices. Fuel rates update daily at 6:00 AM under dynamic pricing but remain unchanged at major metros.CityPetrol PriceDiesel PriceNew Delhi ₹102.12 ₹95.20Mumbai ₹111.18 ₹97.83Gurugram ₹102.97 ₹95.64Bhubaneswar ₹108.85 ₹100.56Chandigarh ₹101.51 ₹89.47Crude oil price todayCrude oil extended gains amid fading hopes for a deal to reopen the Strait of Hormuz after US President Donald Trump demanded compensation for damage the US has incurred in the war with Iran. Brent crude, the global benchmark, traded around $87.81 a barrel at 0013 GMT on Tuesday after gaining about 10% over the previous four sessions. Meanwhile US West Texas Intermediate crude futures stood at $82.20 a barrel.Amid added fresh uncertainty and bleak outlook on peace deal, Saudi Aramco postponed the restart of its 400,000-barrel-per-day Jazan refinery. The reopening date has now been set for 30 August after the Houthis claimed two attacks on the plant on Sunday."The chokehold risk around both the Strait of Hormuz and the Bab el-Mandeb remains highly significant. Even intermittent restrictions or the threat of further incidents keep insurance costs elevated and force longer shipping routes ... hence energy flows look likely to stay constrained near term," Bloomberg quoted Tim Waterer as saying.Experts raise concerns over ethanol-blended fuelOn Monday, a group of experts comprising Delhi Science Forum scientist and activist D Raghunandan, Ministry of Agriculture and the Ministry of Food Processing former secretary Siraj Hussain and former NITI Aayog member Ramesh Chand raised concerns over ethanol-blended fuel. According to experts, ethanol-blended fuel policy could severely impact land-use and agriculture patterns, food security, groundwater levels and household incomes, PTI reported.The experts emphasized that the government should decrease ethanol-blended fuel prices to compensate consumers for a drop in efficiency and expenditures incurred due to wear and tear of vehicle components.About the AuthorFareha NaazFareha Naaz is a Delhi-based journalist and Content Producer at LiveMint, where she has built nearly three years of experience in digital journalism. She covers a diverse range of topics, including national news, education, entertainment, lifestyle trends science, global health and international news.<br><br> With a background in Economics and Education, she focuses on providing insightful, thoroughly researched coverage that bridges the gap between breaking news and in-depth analysis. In addition to breaking copies, legal and political news, her reporting blends editorial rigour with search-driven storytelling. With a keen eye-on-global events, she provides insightful coverage on latest developments. Her reporting combines editorial rigour with in-depth coverage and search-driven storytelling provide valuable insight and context to readers, ensuring accuracy and relevance.<br><br> Her newsroom experience helped her in combining her critical thinking skills with real-time editorial decision-making. Over the years, she has been presenting complex stories with clarity for a digital-first audience amid fast-paced news cycles. Her t
Live UpdatesUS-Iran war LIVE: Oil prices on Monday held a three-day gain after US President Donald Trump made sweeping new demands on Iran, clouding the outlook for a deal to reopen the Strait of Hormuz. Tune in to Live Mint to catch all the latest US-Iran war-related updates.US-Iran war LIVE: Oil prices extend gains for a third consecutive dayUS-Iran War LIVE: Oil prices on Monday held a three-day gain after US President Donald Trump made sweeping new demands on Iran, clouding the outlook for a deal to reopen the Strait of Hormuz. West Texas Intermediate traded near $82 a barrel after closing 5.1% higher in the previous session, while Brent settled below $88. The developments came after Iran and Oman had been negotiating a deal to reopen the strategic waterway. However, Tehran on Monday reiterated that any accord would require Washington to end the naval blockade and compensate Iran for damages. Before the war, roughly a fifth of the world’s oil and liquefied natural gas was shipped through the Strait of Hormuz to global markets.Trump makes sweeping new demands, lashes out at IranThe US President lashed out at Iran on Monday (local time) and made sweeping new demands, including compensation from the Islamic Republic for all the people it has killed in conflicts, after Tehran reiterated requests for reparations as part of talks to wind down the conflict. In a Truth Social post, he said the new demands will be put “firmly into any, and all, future negotiations.” He also said that compensation for Iran “was never mentioned in any of our negotiations or meetings.” But a 14-point memorandum of understanding that Tehran and Washington agreed to in June detailed plans for the US and regional partners to develop a $300 billion fund for the “rehabilitation and economic development” of Iran after the war.Trump reiterates Strait of Hormuz is open nowOn Monday, Trump, when asked what's next for Iran after the Islamic Republic rejected Washington's demands, told ABC News, "You'll find out." Commenting on whether escalation is still on the table, he added, "Well, we have that -- certainly that ability if we want to do that. Yeah, you'll find out." The US President once again reiterated that the Strait of Hormuz is now open and completely controlled by Washington, but acknowledged that Tehran could “make trouble.”Iran accuses US of being "incapable" of pursuing diplomacyIranian Foreign Ministry spokesperson Esmaeil Baqaei on Tuesday criticised the Trump administration over its sanctions policy, accusing Washington of being "addicted" to economic restrictions after US Secretary of the Treasury Scott Bessent reportedly claimed that sanctions were "suffocating" Iran. In a post on X, Baqaei said the repeated use of sanctions reflected the United States' inability to pursue diplomacy. He wrote, "The US Secretary of the Treasury has boasted of 'suffocating' Iran through economic sanctions. Beyond its sheer pathos, the claim is a stark testament to America's compulsive addiction to sanctions." The Iranian official further alleged that whenever Washington fails to achieve its objectives via diplomacy, it turns to sanctions and increases their intensity when they do not yield results.Key Events11 Aug 2026, 05:33 AM IST11 Aug 2026, 05:33 AM IST11 Aug 2026, 05:33 AM ISTFollow updates here:11 Aug 2026, 05:50:44 AM ISTUS-Iran war LIVE: Iran accuses US of being "incapable" of pursuing diplomacyIranian Foreign Ministry spokesperson Esmaeil Baqaei on Tuesday criticised the Trump administration over its sanctions policy, accusing Washington of being "addicted" to economic restrictions after US Secretary of the Treasury Scott Bessent reportedly claimed that sanctions were "suffocating" Iran. In a post on X, Baqaei said the repeated use of sanctions reflected the United States' inability to pursue diplomacy.11 Aug 2026, 05:33:33 AM ISTUS-Iran war LIVE: Trump says Strait of Hormuz is open, controlled by USOn Monday, Trump, when asked what's next for Iran after
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