IOC, BPCL to HPCL: OMC stocks jump up to 9% as crude oil prices tank 13% amid US‑Iran ceasefire

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Shares of oil marketing companies surged as crude prices eased, with IOC up 8.2%, HPCL up 9%, and BPCL up 8.8%. The drop in Brent crude prices boosts refiners' margins and alleviates inflation concerns, improving sentiment and earnings outlook for these firms.