Commodity
Confidence 0.88
Crude oil prices jump over $91/barrel
What happened
Crude oil prices have surged past $91 per barrel following a series of US military strikes on Iran, contributing to market volatility.
Causal chain
US military actions lead to rising crude oil prices
India impact
Sector impacts
Nifty Auto −
High crude oil prices are expected to increase input costs for auto manufacturers.
Nifty Aviation −
High crude oil prices significantly increase fuel costs.
Short term (1–4 weeks)
Increases operational costs for energy-dependent sectors.
Long term (3–6 months)
Could lead to inflationary pressures in the economy.
Sources
- · Upstox: Crude oil prices jump over $91/barrel after ninth US military strike on Iran; gold rises 0.3% - Upstox (Mon, 20 Jul 2026)