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National News

The Times of India

National / The Times of India

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Oil prices: Hormuz supply shock widens gap between future and physical fuel

The Iran war's fourth week sees a stark divergence between rising physical oil prices and futures, driven by the Strait of Hormuz closure and infrastructure attacks. Refiners face steep premiums, while trucking, shipping, and airline industries grapple with escalating fuel costs, impacting consumers and the broader economy.

22 Mar 2026 8:10 am