US-Iran Tensions Send Oil Prices Soaring Through $91

Oil prices surged on Monday as tensions between the US and Iran escalated, causing disruptions to shipping through the Strait of Hormuz. Brent crude climbed to approximately $91 per barrel after shipping volumes dropped to just five vessels per day.

The conflict has caused deep anxiety in energy markets, with investors closely monitoring developments. The situation was further aggravated by reports of a tanker being struck by projectiles while passing through the region.

For Indian investors, the conflict carries significant implications, as India imports most of its crude oil requirements and is sensitive to global price spikes.

The persistence of these hostilities introduces uncertainty for supply chains, with market participants monitoring diplomatic developments and shipping activity levels over the coming days.