Is the world heading towards another oil shock? The hot news coming from the Middle East has increased the heartbeat of the global market. The increasing tension between America and Iran is not just a geopolitical issue, it can also affect your pocket. Analysts believe that Brent crude can go up to $110. In India, prices can reach up to ₹146 in Delhi and ₹160.49 in Mumbai. The biggest risk is the Strait of Hormuz, through which a large part of the global oil and gas supply passes. If tensions remain under control, prices may return to $60, but if there is disruption, they may go up to $95–110.
Oil Shock Warning! America-Iran Tension to Brent Crude $110? | Money Live | Oil Shock Alert! Brent Crude $110 Due to US-Iran Tension?
