Oil prices surge on West Asia tensions, impacting Indian refiners
Oil prices surge on West Asia tensions, impacting Indian refiners. Crude prices jumped after Trump rejected Iran’s peace proposal, escalating regional conflict risks. Indian oil companies are now losing over ₹500 crore daily due to import costs and refining margin pressures. Rising crude could hurt CAD and INR stability.
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This brief is AI-generated from public news sources for informational purposes only. Not investment advice. Always consult a SEBI-registered advisor before trading.