<ul data-eligibleForWebStory="true"><li>Crude prices have seen a reversal in recent months due to escalating Israel-Iran tensions in the Middle East.</li><li>Shares of oil companies like ONGC and Oil India rose amid increasing global crude prices.</li><li>ONGC shares reached a four-month high at Rs 256.89 before trading 1.81% higher at Rs 256.60.</li><li>Oil India stock touched a five-month high at Rs 491.50, trading later 1.58% higher at Rs 485.15.</li><li>Brent crude surged up to 5.5% on Monday, with brent futures trading at $74.89.</li><li>Brent crude prices had dipped below $59 in May but rebounded to over $78 due to tensions.</li><li>Israel's attack on the South Pars gas field and potential issues at the Strait of Hormuz impact oil market fears.</li></ul>

ONGC Shares Touch Four-Month High, Oil India Extends Rally Amid Escalating Israel-Iran Tensions

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