Brent crude oil climbed above US$85 per barrel after fresh military exchanges between the United States and Iran intensified concerns over global energy supplies. Despite the sharp rise in oil prices, global equity markets have remained relatively resilient as investors believe the conflict may not escalate into a prolonged regional war.
Energy analysts warn that prolonged disruptions around the Strait of Hormuz could significantly impact oil-importing nations, including India. Higher fuel costs may increase inflationary pressures and affect corporate profitability across multiple sectors.
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