HPCL, BPCL, IOC shares rise 4% as oil eases from recent highs after Trump delays Iran strikes

Hindustan Petroleum, Indian Oil, and Bharat Petroleum shares gained 4% each as crude oil prices declined. However, ongoing geopolitical tensions and potential disruptions in the Strait of Hormuz create uncertainty. Analysts warn of potential earnings declines for these companies if fuel prices do not adjust to rising crude costs. The market watches for further developments in the global oil situation.