Oil prices hit $108 amid Iran war, threatening OMC earnings.
Oil prices hit $108 amid Iran war, threatening OMC earnings. Geopolitical tensions from the Iran conflict disrupted global oil supply, pushing prices to $108 in the September quarter. This surge may pressure refining margins for oil marketing companies (OMCs) in Q2. Investors await earnings to assess impact on profitability.
📊 STOCKS: ONGC, IOC, HPCL | 🏢 SECTOR: Energy | #HIGHIMPACT #OilPrices
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