Brent crude oil prices spiked nearly 30% on Monday, jumping close to $120 a barrel – from around $70 just days earlier – before settling lower the next day. The surge follows Iran hardening its stance and the United States vowing stronger strikes. What could this mean for global crude oil prices, and more importantly, for India’s oil, LNG, LPG and fertilizer supplies — with the Strait of Hormuz now all but closed? Share this: Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Facebook (Opens in new window) Facebook Click to share on Threads (Opens in new window) Threads Click to share on X (Opens in new window) X Click to share on Telegram (Opens in new window) Telegram Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to email a link to a friend (Opens in new window) Email More Click to print (Opens in new window) Print Click to share on Reddit (Opens in new window) Reddit Click to share on Tumblr (Opens in new window) Tumblr Click to share on Pocket (Opens in new window) Pocket Click to share on Mastodon (Opens in new window) Mastodon Click to share on Nextdoor (Opens in new window) Nextdoor Click to share on Bluesky (Opens in new window) Bluesky Like this:Like Loading... Post navigation SSLC exams begin in districts Exclusion of Kerala Public Works Minister from PM’s event stokes political controversy