Branch² Intelligence
Oil prices continue to gain as Trump threatens more strikes on Iran
Key takeaway
US threatens more strikes on Iran, resuming blockade on Strait of Hormuz.
- Step 1US threatens more strikes on Iran and resumes blockade on Strait of Hormuz, disrupting crude flows
- Step 2Brent crude rises for third session as supply risk premium reprices
- Step 3Indian crude import costs rise, pushing up domestic diesel and naphtha prices
- Step 4Indian SMEs using petroleum-based inputs face higher operating costs, squeezing margins
Source: CNBC TV18 (Markets)
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