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Surge in oil prices amid middle east tensions poses fresh challenges for Indian airlines: Report

New Delhi [India], Jun 19 (ANI): Indian airlines are facing renewed pressure on profitability as escalating tensions in the Middle East threaten to push global crude oil prices to USD 100 per barrel, according to a report by Nuvama.

The report highlighted that the geopolitical rift, particularly the Israel-Iran standoff, could potentially lead to a closure of the Strait of Hormuz, a key global oil supply route re