The Economic Times

HPCL, BPCL, IOC shares in focus as oil crosses $100 again: Irans new supreme leader warns Strait of Hormuz to remain shut

Shares of HPCL, BPCL and IOC are likely to remain in focus as crude oil prices climbed above $100 per barrel again amid escalating Iran Israel US tensions. Irans leadership warned the Strait of Hormuz could remain closed, raising concerns about supply disruption and potential margin pressure for Indian oil marketing companies.