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Petronet LNG, other gas stocks jump up to 5% as Trump’s Iran war remarks ease supply worries

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Petronet LNG, other gas stocks jump up to 5% as Trump’s Iran war remarks ease supply worries

Business

Economic Times•Mar 10

Petronet LNG, other gas stocks jump up to 5% as Trump’s Iran war remarks ease supply worries

This comes after the stocks took a severe beating earlier last week as tensions between Iran and Israel-US escalated, with no sign of a diplomatic resolution. Following the remarks, crude oil prices plunged sharply after a blistering rally that had pushed prices past the $100 mark for the first time since Russia–Ukraine War began in 2022.