<ul data-eligibleForWebStory="false"><li>Crude oil prices have been subdued over the last 12 months due to demand uncertainty and adequate supplies, offsetting issues like the Russia-Ukraine conflict.</li><li>Recent Israel air strikes on Iran and subsequent retaliation by Iran have caused a 7% increase in Brent crude prices in the last two days, acting as a catalyst for the rising prices.</li><li>Israel has been embroiled in conflict over the past 15 months, with an attack by Hamas and other Palestinians into Southern Israel leading to ongoing military actions by Israel.</li><li>ICICI Securities has recommended a 'Buy' rating for companies like HPCL, BPLC, and GAIL India, among others, in light of the evolving geopolitical situation and its impact on oil and gas companies.</li></ul>

Crude Prices: Another Conflict Raises Geopolitical Premium - Impact On Indian Oil And Gas Companies

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