With tensions in West Asia, markets are cautious about crude oil prices and supply. Swings in oil prices directly affect the global economy and importing countries like India.
Photo: Life Of Pix / PexelsAnalysts say investors stay cautious during periods of geopolitical uncertainty, increasing market volatility. Fears of supply disruption can move prices.
India imports a large share of its needs, so oil prices are tied to indicators like inflation and the current-account deficit. The government and companies are monitoring the situation.
Experts say prices could stabilise once conditions normalise. For now, the market is moving with caution.
