New Delhi, June 16 -- Israel and Iran are locked in a major conflict that has shown no signs of de-escalating in the past three days. The brunt of the crisis was first borne by crude oil prices, with Brent crude futures jumping 7% on Friday to $74.2 per barrel. While India is vulnerable to crude oil prices as it meets 88% of its oil demand through imports, the impact is unlikely to be huge, especially in terms of fuel prices.







Brent crude oil futures are currently hovering around $75 per barrel, but so far, they have reversed the recent decline that had taken prices to a recent low of $64 per barrel on average in May, rather than posing additional risks. Crude oil prices are currently below the levels seen in January this year. What...