GIFT Nifty jumps nearly 1% after reports of US relief on Iran oil sanctions
- Posted on May 18, 2026
- By Business News Today
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- 1 min read
GIFT Nifty jumps nearly 1% after reports of US relief on Iran oil sanctions
GIFT Nifty rallied nearly 1% after reports indicated possible temporary US sanctions relief on Iranian oil exports. Hopes of additional crude supply eased inflation and energy shock concerns, lifting investor sentiment despite ongoing geopolitical tensions, volatile crude prices, rupee weakness, and uncertainty surrounding West Asia negotiations.
