📈 Stocks & Economy🇮🇳 India
US Strikes Iran — Oil Prices Jump and India Feels the Heat
MarketWatch·Saturday, 27 June 2026
The US military confirmed a retaliatory strike on Iran, sending oil prices higher in after-hours trading. Oil futures had already posted a third straight weekly loss before the news broke. The escalation puts fresh pressure on global energy markets.
Why It Matters
India imports a large share of its oil, so any spike in crude prices directly hits fuel costs, inflation, and the rupee.
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