IndiGo, HPCL, other oil sensitive stocks plunge up to 5% as US strikes on Iran lifts crude prices
- Posted on July 8, 2026
- By Business News Today
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- 1 min read
IndiGo, HPCL, other oil sensitive stocks plunge up to 5% as US strikes on Iran lifts crude prices
Oil-sensitive Indian stocks tumbled significantly after US airstrikes on Iran. Crude oil prices climbed as sanctions on Iranian sales were reinstated. These events reignited concerns over Middle East stability and potential supply disruptions. Shipping through the Strait of Hormuz remains vulnerable, impacting global energy supply routes. Analysts expect oil inventories to stay under pressure until Gulf supplies resume.
