New Delhi, April 3 -- Vandana Bharti, AVP and Head of Commodity Research at SMC Global Securities, highlighted that the West Asian war is causing a significant disruption in global crude oil supplies, with 10 million barrels of oil missing from the market daily.
Speaking with ANI on Thursday, she also shed light on the volatile shift in the global energy market. After a brief period of optimism earlier this week, the outlook for a ceasefire in the West Asian conflict has dimmed, replaced by fears of prolonged supply disruptions and record-high prices.
She said that this shortage is expected to worsen, impacting Asia, home to 58.8% of the world's population. India, being heavily reliant on oil imports, is particularly vulnerable.
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