The Economic Times

Oil tops $100 amid Iran-Israel tensions; Asian Paints, IndiGo and other crude-sensitive stocks fall up to 4%

Crude oil prices surged past $100 per barrel due to escalating Middle East tensions. This development impacted shares of paint, tyre, and airline companies, with significant drops observed. Iran's actions, including attacks on tankers and fuel facilities, have heightened concerns about regional security and oil supply.