The ongoing Israel-Iran conflict could trigger global instability, spike oil prices, disrupt trade routes, increase inflation, and strain diplomatic relations, forcing countries like India into comple

The risk of Iran closing the Strait of Hormuz is real and could disrupt 20% of global oil supply. Click here for more information on Market Outlook.

The most visible impact of rising global crude prices will be at fuel pumps across India. With international rates climbing, domestic oil marketing companies are likely to adjust prices

Concerns remain over potential closing of the Strait of Hormuz; continued escalation could hit crude oil, global trade

Critical energy infrastructure in Israel and Iran has not escaped unscathed from the first few days of the countries' escalated conflict. Worst-case scenarios have yet to be realized, but the war is already having a notable impact on energy production and exports in both countries.

Loud explosions rocked key Iranian cities as well as Israel’s Tel Aviv and Jerusalem on Tuesday, amid fresh missile attacks from both sides. Meanwhile, Iran has claimed to hit Israeli spy agency Mossad's centre.

Despite not relying on Iran for its oil supplies, petrol and other prices in Australia will rise due to the global impact of the Israel–Iranian war.

Iran remains in economic crisis due to international sanctions over its nuclear program, which have limited its oil exports. The Iranian rial remains weak and inflation is stubbornly high at around 40%. Any further disruption to oil exports would ripple globally.

Iran-Israel conflict disrupts global trade, impacting India's exports. Increased freight rates and uncertainties threaten Red Sea and Strait of Hormuz routes.