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Oil surge amid Mideast tensions challenges Indian airlines: Report
The Business Guardian
|June 20, 2025
Indian airlines are facing renewed pressure on profitability as escalating tensions in the Middle East threaten to push global crude oil prices to USD 100 per barrel, according to a report by Nuvama.
The report highlighted that the geopolitical rift, particularly the Israel-Iran standoff, could potentially lead to a closure of the Strait of Hormuz, a key global oil supply route responsible for about 15 per cent of total oil shipments.
Even a perceived 30 per cent risk of closure has already nudged oil prices closer to USD 85 per barrel, and further escalation could push it to USD 100.
This story is from the June 20, 2025 edition of The Business Guardian.
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