US-Iran Conflict Keeps Oil Supply Risks High as War Enters Another Uncertain Phase

The unresolved US-Iran conflict continues to dominate global markets, with the war disrupting energy supplies and reducing traffic through the strategically important Strait of Hormuz. Markets are increasingly concerned that the prolonged standoff could create tighter supplies from major Middle Eastern producers.

For India, the development remains important because prolonged disruption could increase crude-import costs, freight charges and pressure on the rupee. Higher energy prices could also add to inflationary pressure and affect corporate margins across transport, chemicals, manufacturing and other energy-intensive sectors.