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Market Impact: 0.82

How the Iran war has stoked competition between India and China for Russian oil

Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsTrade Policy & Supply ChainEmerging Markets

The Iran war and closure of the Strait of Hormuz are tightening global crude supply, forcing India and China to compete for shrinking barrels. The disruption raises upside risk to oil prices and broadens pressure across energy, shipping, and import-dependent economies. This is a market-wide geopolitical shock with potential inflationary spillovers.

Analysis

The Iran war and closure of the Strait of Hormuz are tightening global crude supply, forcing India and China to compete for shrinking barrels. The disruption raises upside risk to oil prices and broadens pressure across energy, shipping, and import-dependent economies. This is a market-wide geopolitical shock with potential inflationary spillovers.

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Market Sentiment

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strongly negative

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-0.55