Oil India shares up by more than 4% as White House officially confirms the probability of military strike on Iran
By Ankur Chandra | Updated at: Jan 13, 2026 03:14 PM IST
Oil India shares are sharply up today. At 2:10 p.m. IST, 13th January, 2026, Oil India shares are up by 4.34%, trading at Rs 444.05. Nifty 50 index is down by 0.55% at this time.
Oil India shares are mainly gaining today after the increase in oil prices since yesterday evening. Oil prices started gaining after US President Donald Trump said yesterday that US government was considering military strikes on Iran. He also said that US will impose additional import tariff of 25% on countries that keep on buying oil from Iran. These measures will disrupt supply of Iranian oil in the global market. White House today officially confirmed that it will consider military strikes on Iran if diplomatic efforts fail.
At 2:30 p.m. IST, 13th January, 2026, WTI crude price for February delivery has risen up to $60 per barrel. Brent crude for February delivery is trading at $64.41 per barrel.
Protests against economic situation in Iran
Iran has been seeing protests by its citizens against the government because of worsening economic situation in the country. President Trump had warned the regime there not to fire or kill protestors. According to reports more than 600 anti-government protestors have been killed by the regime in the last fortnight.
Oil India is an oil & gas production and exploration company. It therefore stands to gain from higher oil prices. In the past 1-year Oil India shares have lost 2.25%. Nifty 50 index has gained around 11% in this period. Oil India shares have underperformed the Nifty 50 index by more than 13% in the past one year.
Year-to-date (YTD) in 2026, Oil India shares have gained 5.5%. Nifty 50 index has lost 2.08% YTD in 2026. Oil India shares have outperformed the Nifty 50 index in 2026, till date. Oil India shares are currently trading at 12-month trailing price-to-earnings (P/E) ratio of around 12.
Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.
Source: NSE
