The Economic Times

Will oil prices go up in India as the Iran-Israel war intensifies and Brent crosses $80? Heres what we know so far

Rising Gulf tensions have pushed global crude oil prices up by 9-10%, with Brent crude crossing $80 per barrel. Despite this, India's petrol and diesel prices are unlikely to change immediately as the government maintains a calibrated approach to protect consumers. Concerns over supply disruptions through the Strait of Hormuz persist, impacting global shipping.