Branch² Intelligence
Brent Crude Tops $90 A Barrel As U.S.-Iran Conflict Raises Fears Over Hormuz Oil Flows
Key takeaway
Brent crude tops $90/bbl as US-Iran tensions threaten Strait of Hormuz oil flows.
- Step 1US-Iran tensions escalate, threatening Strait of Hormuz oil flows.
- Step 2Brent crude rises above $90/bbl, increasing global oil prices.
- Step 3Indian crude import costs rise, widening trade deficit and pressuring the rupee.
- Step 4Input costs for Indian SMEs in petrochemical-linked sectors increase, squeezing margins.
Source: IN:NDTV Profit
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