Iran-Israel and another economic crisis? | Republic Business | Israel Iran Crisis

Recent geopolitical tensions between Israel and Iran are causing a ripple effect, particularly in the realm of oil prices, with analysts predicting a potential surge to $100 per barrel by September 2024. This increase is attributed to production cuts by major oil-producing nations like Russia and OPEC+, alongside the heightened tensions in the Middle East, a key oil-producing region. For India, heavily reliant on oil imports, this translates directly into concerns over rising fuel prices.

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