Asian Paints, HPCL, MRF, other crude-sensitive stocks in focus as oil prices drop 6% after Iran-US peace deal framework

Oil prices fell sharply with Brent crude down ~5% to ~$83/barrel and WTI tumbling 6% to ~$80/barrel after US President Trump announced a completed peace deal framework with Iran, including the reopening of the Strait of Hormuz. This brings relief to Indian crude-sensitive sectors such as oil marketing companies (HPCL, BPCL, IOC), paint makers (Asian Paints, Berger Paints, Indigo Paints), and tyre manufacturers (MRF, Apollo Tyres), which had fallen up to 22% YTD on earlier war-driven price spikes. Analysts cautioned that Strait of Hormuz shipping normalisation could still take months and that any energy infrastructure damage could delay recovery.