Global energy traders are on red alert as fresh missile strikes exchanged by Iran and Israel send shockwaves through oil markets. With the threat of wider war looming over the Gulf region, Brent crude prices are up 11% in just five trading days.

India, a top oil importer, faces immediate risk: fuel price hikes, inflation, and possible economic slowdown if shipping lanes are closed or insurance spikes. US and European officials are scrambling to broker a ceasefire through the UN, but drone attacks on tankers have already been reported in the Red Sea corridor.

What’s Next?

Energy analysts warn that if hostilities escalate, oil could break $110 per barrel, hitting consumers and business costs worldwide. India’s government reports preparing emergency reserves and rationing protocols as a contingency.

“If there’s no peace deal soon, consumers will feel the pinch fast—in Delhi, London, or New York,” says commodities expert Shruti Bakshi.

Expect volatile weeks ahead as both wars and peace deals move oil prices.