Branch² Intelligence
Brent Crude Gains Near $79 A Barrel As US-Iran Strikes Raise Fresh Strait Of Hormuz Supply Fears
Key takeaway
Brent crude nears $79/bbl after US-Iran strikes, raising Strait of Hormuz supply fears.
- Step 1US-Iran military strikes escalate geopolitical risk in the Middle East.
- Step 2Strait of Hormuz supply fears push Brent crude near $79/bbl.
- Step 3Higher crude prices pass through to Indian fuel and raw material costs within weeks.
- Step 4Indian SMEs in manufacturing, logistics, and chemicals face margin compression.
Source: IN:NDTV Profit
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