Iran-Israel conflict raises oil prices and supply concerns in India
after close1 source ↓written by the desknot a recommendation
- of its crude
- 85-88%
The ongoing Iran-Israel conflict has led to rising oil prices, raising concerns about fuel supply in India, which imports 85-88% of its crude oil. Panic buying has emerged in Maharashtra as the government monitors the situation closely, prioritizing the safety of Indian citizens abroad. Increased freight and insurance costs are also anticipated, impacting the economy.
Not investment advice. For informational purposes only.