Commodities Oil climbs more than two percent as tight supplies in focus Updated : May 31, 2018 08:50 AM IST India’s Reliance Industries Ltd, owner of the world’s biggest refining complex, plans to halt oil imports from Iran, two sources familiar with the matter said. Russian central bank issued a statement that a decline in oil prices would pose a risk to the country’s financial sector. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.