New Delhi, March 2 -- Indian aviation stocks have fallen today, March 2, mainly due to increasing geopolitical tensions in the Middle East impacting crude oil prices.

InterGlobe Aviation (IndiGo) shares has witnessed a fall by over 5%, while SpiceJet shares are down close to 4% in early trading as the ongoing conflict affects key transit points and raises worries about surging fuel costs.

The Iran-Israel conflict has resulted in the closure of significant airspaces in the Gulf region. Indian airlines, such as IndiGo, Air India, and SpiceJet, have cancelled more than 350 international flights as of yesterday, with additional disruptions and technical stops (for instance, in Rome for North American routes) continuing into today.

As per r...