Branch² Intelligence
Oil Price Today (July 15): Crude oil above $86 as US-Iran exchange fresh strikes. Bigger surge brewing?
Key takeaway
Brent crude above $86 as US-Iran strikes escalate, threatening supply through Strait of Hormuz.
- Step 1US-Iran military strikes escalate, threatening Strait of Hormuz shipping and spiking Brent crude above $86.
- Step 2Higher crude prices pass through to Indian fuel and petrochemical costs within weeks, raising SME input expenses.
- Step 3Sustained oil price elevation widens India's trade deficit, weakens INR, and forces RBI to hold rates higher, tightening SME financing conditions.
Source: IN:Economic Times
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