Middle East conflict may impact India's GDP and oil prices
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A report from Emkay Wealth Management warns that the escalating Middle East conflict could significantly pressure India's economy, potentially lowering GDP growth. Fuel prices have surged, with Brent crude rising to $110 per barrel, driven by damaged infrastructure and closed supply routes. This situation may lead to higher energy costs and increased market volatility for traders.
• LNG supply from Qatar halted
• Natural gas prices surged 50%
• Potential loss of 3.30 million to 11.20 million tonnes of LNG output if conflict persists.
Not investment advice. For informational purposes only.