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Crude Prices: Another Conflict Raises Geopolitical Premium - Impact On Indian Oil And Gas Companies
ICICI Securities recommends 'Buy' rating to HPCL, BPLC, GAIL India among others
16 Jun 2025, 01:01 PM IST 
Israel has been in a state of conflict over the last 15 months, with an attack by Hamas and other Palestinians in Oct’23 into Southern Israel being responded to by military action by Israel – which is still ongoing.
(Photo source: Unsplash)
Crude oil prices have been subdued over last 12 months, with demand uncertainty and adequate supplies offsetting lingering issues of the Russia-Ukraine conflict. However, the recent Israel air strikes on Iran and the subsequent retaliation by Iran are now once again acting as a catalyst for rising prices (Brent crude up 7% in last two days)
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