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The Economic Times

Markets / The Economic Times

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Oil markets on edge: Crude spike may be shorter-lived than feared: Alastair Newton

Oil prices may see a short-term rise due to Middle East tensions. However, markets have already factored in significant Iran-related risk. Experts believe a major spike to $100 a barrel is unlikely. The Strait of Hormuz remains open, and insurance costs are a key concern. OPEC's immediate impact is limited. India is expected to maintain its energy diversification plans.

2 Mar 2026 9:53 am