New Delhi, Sept. 10 -- ONGC share price climbed more than 2% in early deals on Thursday, 10 September, in an otherwise weak market. Shares of Oil and Natural Gas Corporation (ONGC) opened at Rs.236.30 against their previous close of Rs.233.80 and rose 2.6% to an intraday high of Rs.239.85 on the BSE. On the other hand, market benchmark Sensex slipped by more than 60 points in early trade.

ONGC shares are rising today amid a surge in crude oil prices driven by escalating tensions between the US and Iran. Brent crude now trades above $101 per barrel as hopes of a deal between Washington and Tehran are dashed amid fresh fights between them.

A rise in crude oil prices is generally positive for ONGC because it is primarily an upstream oil an...