Prolonged US-Iran tensions may push India's crude basket above USD 75/bbl, raise inflation risks: Experts

Mumbai (Maharashtra) [India], July 8 (ANI): Market experts and economists have cautioned that a prolonged US-Iran standoff could push India's crude oil import basket well beyond USD 75 per barrel, raising the country's import bill, stoking inflationary pressures and weighing on the current account, even as India's diversified sourcing strategy is expected to cushion supply disruptions.