New Delhi, June 25 -- Every month, Mint's Plain Facts section brings out an update on key global developments. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India.

Global crude oil prices are sensitive to global economic and geopolitical events. However, the recent conflict between Israel and Iran, despite heightened fears, did not cause crude oil prices to shoot up to a worrying level.

The two previous geopolitical disruptions-the Russia-Ukraine war and the Arab Spring-led to spikes in oil prices, which lasted a few months. While Brent crude oil futures jumped 7% on the day the conflict broke out, it remained largely...