Mumbai, March 6 -- WTI crude futures surged to around $84 per barrel, the highest level in 18 months. Despite the slight pullback, oil remains on track for a sharp weekly rally, with WTI up more than 20% and Brent gaining over 15%, marking the biggest weekly surge since February 2022. The spike follows the escalation of the U.S.-Israel conflict with Iran, which has disrupted tanker movements through the Strait of Hormuz-a key route carrying about one-fifth of global oil supply-while spreading tensions across major Middle East energy hubs.

Published by HT Digital Content Services with permission from Capital Market....