Arabian Petroleum Ltd. Ipo15 Apr, 2024Business
In the wake of escalating tensions between Iran and Israel, the Indian stock market braces for potential repercussions, particularly concerning two critical factors: crude oil prices and inflation. The conflict between these two Middle Eastern nations has historically influenced global oil markets, thereby impacting economies worldwide, including India. Crude oil, a fundamental commodity for India's energy needs and economic activities, often experiences price fluctuations during geopolitical tensions. Any disruption in the supply chain or fears of supply constraints due to the conflict can lead to a surge in oil prices. This spike in crude oil prices poses challenges for India, a net importer of oil, as it directly affects the country's fiscal deficit, current account balance, and inflationary pressures.
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