Mumbai, June 12 -- Bharat Petroleum Corporation rose 2.69%, while Hindustan Petroleum Corporation gained 2.27%. Indian Oil Corporation added 2.10%.
Brent crude futures fell $1.92, or 2.12%, to $88.46 a barrel. The decline in oil prices followed comments from US President Donald Trump, who said a deal with Iran could be reached as early as this weekend.
In a post on Truth Social, Trump said he had called off planned strikes after discussions with Iran were elevated to the highest levels of the Iranian leadership. He added that key elements of a proposed agreement had been approved in principle and in detail by multiple countries, including the United States, Israel, Saudi Arabia, the UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan an...