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Oil warms on conflict, but inflation may escape heat
June 17, 2025
|Hindustan Times Chandigarh
Escalating conflict between Iran and Israel and a consequent increase in crude price are unlikely to impact India's inflation print, economists said, with state-run refiners expected to absorb the price hike instead of passing it on to consumers.
MUMBAI/NEW DELHI:
Brent crude prices have been rising since Friday, after Israel struck Iran's nuclear facilities and killed several top officials and scientists. Iran vowed "harsh punishment" after the strikes and has retaliated.
Experts said the trajectory of oil prices depends on whether Iran closes the Strait of Hormuz, through which about a fifth of the world's oil supply passes. On 14 June, Al Jazeera reported citing Iranian news agency IRINN that Iran is considering closing the strait. For India, which imports close to 90% of its energy requirements, the impact on inflation would depend on the benevolence of state-run oil marketing companies.
هذه القصة من طبعة June 17, 2025 من Hindustan Times Chandigarh.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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