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Stocks of OMCs rise 4% after Trump announces pause on Iran strikes
short by Garima Garg / on Tuesday, 24 March, 2026
The stocks of three state-run oil marketing companies (OMCs) surged on Tuesday after US President Donald Trump announced a five-day pause on strikes against Iranian power plants and energy infrastructure. Hindustan Petroleum's stock jumped by nearly 4%, the same as Bharat Petroleum. Indian Oil's stock also increased by 3.5% intraday. Notably, oil prices fell below $100 after Trump's announcement.
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