Iran conflict triggers oil price surge and market volatility
pre-market1 source ↓written by the desknot a recommendation
- With India importing
- 85% of its crude
The ongoing conflict in Iran has caused crude oil prices to surge, impacting global markets. Indian equities are experiencing a downturn, while the rupee faces pressure due to rising volatility. With India importing 85% of its crude, higher oil prices could inflate the import bill, raising concerns for households with home loans.
Not investment advice. For informational purposes only.