Indian Shipping Stocks Surge Amid Israel-Iran Tensions

  Published 1 year ago

Indian shipping stocks rise as Israel-Iran conflict fears boost oil prices, tanker demand amid weak market.

  • Great Eastern +6%, Shipping Corp +10% surge amid weak market from Israel-Iran conflict fears boosting tanker demand.
  • Crude prices surge 9% on regional tensions, lifting refiners and oil producers amid supply disruption worries.
  • YTD gains: Great Eastern +7%, Shipping Corp +11% outperform amid market decline driven by geopolitical risks.

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