New Delhi, March 23 -- Brent crude prices have surged sharply by more than 60 per cent since the beginning of the US-Iran-Israel conflict, rising to around USD 112 per barrel on Monday from approximately USD 70 per barrel prior to the conflict, reflecting severe disruptions in global energy supply.

In just the last 30 days, crude prices have increased by around 56 per cent, highlighting the intensity of the ongoing supply shock.

The sharp rise in oil prices comes as the conflict in West Asia has disrupted key supply routes, particularly through the Strait of Hormuz, one of the most important global channels for crude trade.

The crisis has also impacted global liquefied natural gas (LNG) flows. The situation has been further aggravated ...