World oil markets tremble under US-Iran crossfire. Hormuz Strait snags could vault crude to $90/barrel; regional meltdown hits $100, says fresh Sunday analysis.
Brent at $72.80 eyes $5-10 jump on restrained retaliation, $10-12 on Iran oil strikes. Context: US-Israel Saturday salvoes razed nuclear works, missile arrays, HQs – Khamenei, IRGC, intel heads gone. Iran unleashed on US regional bases.
India’s exposure? Stark. $1 oil rise = $2B import surge, trade strained. Strait: Global 20% oil artery, India’s 40%+ crude path.
Shift in plays: Income trades yield to oil volatility. Energy/defense buoyed; OMCs, paints, tyres, aviation, chemicals squeezed. Crude rules India Inc. narrative.
Currency pressure mounts; RBI reserves tapped. Prolonged? Logistics/insurance balloon, shipping stalls, deficits deepen.
Spot gains: Upstream ONGC, Oil India; defense HAL, BEL.
From elite assassinations to facility ruins, this feud’s oil shockwaves ripple far. Economies pivot, preparedness key in uncertainty.