Shares of BPCL, HPCL, and IOC are likely to stay in focus after crude oil prices tumbled below $70, following Iran’s missile strike on a U.S. base in Qatar in response to American airstrikes. The 6% drop reflects a restrained retaliation that avoided disrupting oil supply routes, suggesting Iran may be aiming to de-escalate further conflict.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets