OIL STOCK IN FOCUS

Oil prices jump 2% after US strikes Iran, India monitors evolving situation, International crude oil prices increased over 2% on Monday morning due heightened concerns of global supply disruption after the US on Saturday attacked three nuclear facilities in Iran. The development marked a major escalation in the ongoing Israel-Iran conflict. Amid the escalating tension, the Indian government has said it is monitoring the situation and the country has adequate supplies and continues to receive oil from several routes. Around 7:45 am, the August contract of Brent on the West Texas Intermediate was trading at $78.66 per barrel, higher by 2.14% from its previous close. The August contract of West Texas Intermediate on the NYMEX rose 2.06% to $75.36 a bbl.