Crude oil jumped 10 percent of Israeli attack on Iran, Petroleum Minister said - not a matter of concern - oil price 10 percent after Israel attacks carried out
Shortly after the news of Israeli’s attack on Iran, the price of Brant saw a rise of more than 10 percent, but then dropped a bit. Meanwhile, Petroleum Minister Hardep Singh Puri said there was nothing to worry about. India has sufficient energy supply. We have sufficient energy supply for the coming months. Crude oil jumped 10 percent of the Israeli attack on Iran (signal photo) Pti, New -Delhi. Shortly after the news of Israeli’s attack on Iran, the price of Brent -Ru benchmark saw a rise of more than 10 percent, but then it dropped slightly. Brent trades nearly $ 75 a barrel, which is five percent higher than the closed price of Thursday. Meanwhile, Petroleum Minister Hardep Singh Puri said there was nothing to worry about. India has sufficient energy supply. He said that the availability of energy along with the heads of the Indian oil industry was revised from time to time. We have sufficient energy supply for the coming months. Qatar India is the largest provider of natural gas. Global oil prices have reached their highest level since January after Israeli’s attack on Iran due to an increase in tension in Western Asia. India imports more than 85 percent of crude oil needs and about half of the natural gas needs. Russia is the largest supplier of crude oil to India. Qatar is the largest supplier of natural gas to India. DG Shipping advised the sailors to take precautions on Friday. On Friday, all Indian sailors and Indian flagships that work at Iranian ports or go through Hormuz Strait advised to be careful. It is said that sailors should be careful, avoid unnecessary movement and follow the local safety protocol.