Iran conflict triggers energy shock, impacts Indian stocks
after close1 source ↓written by the desknot a recommendation
- to surpass
- $100 per barrel
The escalation in the US-Iran conflict has caused Brent crude prices to surpass $100 per barrel, disrupting LNG flows through the Strait of Hormuz. Elara Securities identifies potential winners like Reliance Industries, Hindalco, and Chennai Petroleum, while losers include BPCL, HPCL, and IndiGo. The city gas distribution sector may face prolonged impacts due to gas supply uncertainties.
Not investment advice. For informational purposes only.