Crude oil prices continued trading above US$85 per barrel as tensions surrounding the Strait of Hormuz kept global energy markets on edge. Investors remain concerned that any disruption to one of the world’s busiest oil shipping routes could tighten global supplies and push fuel prices even higher.
For India, sustained high crude prices could increase import costs, widen the trade deficit and place upward pressure on inflation. Sectors such as aviation, paints, logistics and chemicals are expected to remain sensitive to movements in energy prices over the coming weeks.
Leave A Comment