Crude oil prices exceed $119 amid Iran conflict and Gulf attacks
after close1 source ↓written by the desknot a recommendation
- as tensions escalated
- $119 per barrel
- which supply
- 47% of India's gas imports
Crude oil prices surged above $119 per barrel as tensions escalated following missile attacks on Gulf energy facilities amid the Iran conflict. Significant damage to Qatar's LNG plants, which supply 47% of India's gas imports, raises fears of prolonged supply disruptions. Indian policymakers are preparing for potential higher energy prices and supply constraints.
Not investment advice. For informational purposes only.