Shares of IOC, BPCL and HPCL fell up to 9% as global crude oil prices surged past $100 amid tensions involving Iran and disruption in Strait of Hormuz.
Oil prices cross $100 a barrel as Iran conflict disrupts shipping through the Strait of Hormuz, rattling global markets and raising concerns over energy supply.
The US Justice Department has filed civil forfeiture complaints seeking to seize over $15 million allegedly linked to an Iranian oil network accused of evading sanctions.
Indian Embassy in Doha urges nationals to follow Qatar authorities’ guidelines as airspace remains closed after missile and drone interceptions amid escalating West Asia tensions.