Branch² Intelligence
Brent oil tops $90 as US, Iran intensify attacks in Middle East
Key takeaway
Brent crude tops $90/bbl as US-Iran tensions threaten Strait of Hormuz passage.
- Step 1US-Iran military escalation threatens Strait of Hormuz passage, reducing global oil supply expectations.
- Step 2Brent crude jumps above $90/bbl, raising Indian import costs and domestic fuel prices.
- Step 3Indian SMEs face higher input costs for petroleum-based raw materials and logistics, compressing margins.
Source: IN:Economic Times
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