Oil prices are climbing due to worries about supply disruptions in the Middle East. The ongoing conflict involving Iran and the U.S. is impacting market sentiment. Experts predict prices could reach $150 per barrel if tensions persist. The Strait of Hormuz closure is a key concern for global supply chains.
Protection business boosts HDFC Life, ICICI Pru Life Q1 earnings
HDFC Life and ICICI Prudential Life saw healthy profit expansion in the June quarter. Steady premium growth and stable new business margins drove these positive