Branch² Intelligence
US launches ninth consecutive day of strikes on Iran as another American confirmed killed
Key takeaway
US launches ninth consecutive day of strikes on Iran, targeting ability to attack commercial vessels in Strait of Hormuz.
- Step 1US strikes on Iran degrade Iran's ability to attack commercial vessels in Strait of Hormuz.
- Step 2Increased risk of supply disruption pushes Brent crude above $90/bbl.
- Step 3Indian SMEs face higher input costs for petroleum-based raw materials and logistics, squeezing margins.
Source: The Hindu BusinessLine
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