Crude spikes on Hormuz tensions, refiners on alert

Crude spikes on Hormuz tensions, refiners on alert\nEscalating tensions around the Strait of Hormuz have pushed benchmark crude prices up by $8/barrel in a week. Indian refiners like IOCL, HPCL, and MRPL face margin pressures as crude costs surge. Any supply disruption from the Persian Gulf could severely impact import-dependent India.\n\n📊 STOCKS: | 🏢 SECTOR: Energy | #HIGHIMPACT #CrudeOil