Brent Crude Soars Past $97 Amid Strait of Hormuz Conflict

Brent crude prices have surged past $97 per barrel amid escalating military hostilities between the U.S. and Iran in the Strait of Hormuz.

The geopolitical tension has raised concerns about global supply chain disruptions, impacting Indian equity markets and stoking fears of imported inflation.

Investors are now focusing on the potential pressure this sustained energy volatility could place on corporate margins and central bank monetary policies.

The Strait of Hormuz is a critical maritime chokepoint, accounting for approximately one-fifth of the world's oil and liquefied natural gas shipments.

This has created an immediate risk premium on crude prices, which is being reflected in the current market surge.