Branch² Intelligence

Oil Price Today (July 13): Crude oil up almost 5%, nears $80 as US, Iran unleash more strikes. $100 in sight?

IN · 2026-07-13

Key takeaway

Crude oil surges ~5% as US-Iran tensions escalate, Brent nears $80/bbl.

Step 1US-Iran strikes disrupt supply expectations, crude spikes ~5%.
Step 2Higher crude passes through to Indian fuel prices and petrochemical costs.
Step 3RBI holds repo rate to contain imported inflation, SME borrowing costs stay elevated.
Step 4Indian SMEs defer expansion and cut discretionary spending as margins compress.

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