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HPCL, BPCL, IOC shares rise up to 4% as US-Iran tensions ease
short by Vaishnavi Mishra / on Friday, 16 January, 2026
The shares of oil companies jumped in trade on Friday as oil prices extended their decline amid easing tensions between US and Iran. Hindustan Petroleum (HPCL) shares surged nearly 4%, while Bharat Petroleum (BPCL) shares rose over 3%. The shares of Indian Oil (IOC) gained around 2%. Earlier, US signalled that it may hold off on attacking Iran for now.
read more at Moneycontrol