Brent crude has jumped 9% in a week. Analysts fear it could hit $150/barrel if the conflict escalates
Israeli strikes on Iran may disrupt oil output. OPEC has capacity, but speed of response is uncertain
A quarter of global oil passes through the Strait of Hormuz. Any disruption could trigger a global energy shock
High oil prices could widen India’s current account deficit and pressure the rupee, despite strong reserves
RBI estimates a 10% oil price hike could raise inflation by 30 bps and lower growth by 15 bps
Higher oil may force tax cuts, hurt revenue, and delay investments. Policy vigilance is key