Iran war pushes Brent to $100, oil companies fear hit to their finances
Global benchmark Brent crude topped $100 per barrel for the first time in nine weeks.
Renewed US-Iran conflict disrupted shipments through the Strait of Hormuz.
Houthi rebels continued targeting shipping through the Bab el-Mandeb Strait.
Indian basket of crude climbed to $93.19 per barrel, up nearly 40% from July 2 levels.
State-owned HPCL and BPCL reported combined losses of over Rs 14,000 crore in the June quarter due to LPG under-recoveries.
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Times of India
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India's largest newspaper group by circulation.
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