SENSEX
NIFTY
GOLD
USD/INR

Weather

image 34    C

Business News

The Economic Times

Business / The Economic Times

details

Global oil markets on edge as West Asia unrest triggers new energy shockwave

Crude oil prices have surged to near one-year highs as escalating conflict in West Asia threatens key supply routes, particularly the Strait of Hormuz. Rising geopolitical risks, refinery disruptions and tanker delays are pushing prices higher, raising inflation concerns and creating economic vulnerabilities for major Asian importers, including India, China, Japan and South Korea.

8 Mar 2026 11:48 am