Mumbai/IBNS, July 13 -- Shares of state-owned oil marketing companies (OMCs) came under pressure on Monday as rising crude oil prices and escalating tensions in West Asia weighed on investor sentiment, media reports said.

The decline followed fresh US strikes on Iran, which intensified concerns over potential disruptions to global crude supplies through the strategically vital Strait of Hormuz.

Oil Marketing Stocks Trade Lower

On the NSE:

Rising Crude Prices Fuel Investor Concerns

The Strait of Hormuz is one of the world's busiest oil transit routes, with a significant portion of global crude exports passing through the narrow waterway. Any threat to its operations typically pushes oil prices higher and increases concerns over inflat...