Israel-Iran tensions impact: Brent crude prices surge past $75; OMC stocks like IOC, BPCL crash up to 6%.
Oil marketing companies' shares plummeted following Israel's military action against Iran, which drove Brent crude futures to a multi-month high of $75.36 per barrel. Concerns about potential disruptions to global oil supply, particularly through the Strait of Hormuz, intensified market volatility.
Oil marketing companies' shares plummeted following Israel's military action against Iran, which drove Brent crude futures to a multi-month high of $75.36 per barrel. Concerns about potential disruptions to global oil supply, particularly through the Strait of Hormuz, intensified market volatility.
