IOC, BPCL, other OMC’s shares in focus as Brent Crude prices rise over 12% over Israel-Iran tensions

Share prices of oil marketing companies like IOC and BPCL are in focus as Brent crude prices surged over 12% following Israels airstrikes on Iran. The geopolitical escalation has sparked fears of supply disruptions through the Strait of Hormuz, raising risk premiums and potentially impacting OMCs margins amid heightened market volatility.