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Strait of Hormuz chokehold: What is happening to petrol prices in India and neighbouring nations amid oil supply crunch?

A month into the Middle East conflict, global crude markets remain under strain, with prices rising nearly 50% since the United States and Israel launched strikes on Iran on February 28, triggering a strong response from Tehran. Oil prices had earlier surged to as high as $119 per barrel amid heightened tensions involving Iran, before…

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