{"id":90587,"date":"2026-05-18T13:08:57","date_gmt":"2026-05-18T07:38:57","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=90587"},"modified":"2026-05-18T13:08:59","modified_gmt":"2026-05-18T07:38:59","slug":"oil-and-gas-stocks-fall-reliance-bpcl-adani-total-gas-crude","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-fall-reliance-bpcl-adani-total-gas-crude\/","title":{"rendered":"Oil and Gas Stocks Fall 2-4% as Crude Hits $111 on Fresh US-Iran War Escalation: Reliance, BPCL, Adani Total Gas, MGL in Red"},"content":{"rendered":"

Oil and gas stocks<\/strong> across the NSE and BSE came under significant selling pressure on 18 May 2026 as Brent crude surged above $111 per barrel following fresh escalation in the US-Iran conflict. The Nifty Oil and Gas index declined over 1.5 percent, with Mahanagar Gas leading the oil and gas stocks decline at 4.5 percent and IOCL, BPCL, Adani Total Gas, HPCL, ONGC, Reliance Industries and Petronet LNG all falling between 1.5 and 4 percent.<\/p>

The trigger for today’s oil and gas stocks selloff is President Trump’s rejection of Iran’s latest letter, which revived fears that the Strait of Hormuz could remain disrupted for an extended period. Brent crude’s surge to $111.50 from $107 in the previous week has delivered a body blow to downstream oil and gas stocks in India, which face direct earnings damage from rising crude input costs and under-recoveries.<\/p>

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