Crude oil prices have surged to near one-year highs as escalating conflict in West Asia threatens key supply routes, particularly the Strait of Hormuz. Rising geopolitical risks, refinery disruptions and tanker delays are pushing prices higher, raising inflation concerns and creating economic vulnerabilities for major Asian importers, including India, China, Japan and South Korea.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equities extended losses as escalating US-Iran tensions pushed crude prices higher, dampening investor sentiment. Rising US bond yields and a stronger dollar have triggered