Why Brent crude could hit $120 amid Iran war? What it means for India as analysts warn oil prices to remain volatile

Mint - Oct 18, 2026

Crude oil prices are expected to remain volatile amid stalled US-Iran talks, Hormuz risks and rising tensions in West Asia. Analysts warn Brent crude could hit $120 per barrel if supply disruptions worsen. For India, higher oil prices could raise import costs, fuel prices and inflation.

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