New Delhi, March 19 -- Crude oil prices have surged past $100 a barrel, increasing by about $45 per barrel after the US and Israel attacked Iran on 28 February. While several global economies, from the US to China, have already passed on higher costs to consumers, India has kept prices stable. With crude prices surging, oil marketing companies (OMCs) are taking a big hit. How long can the government avoid an increase, and what are its implications? Mint explains

Yes. What began as a supply disruption due to effective closure of the Strait of Hormuz by Iran is now fast becoming a case of supply destruction. As the West Asian crisis enters the third week, the US and Israel have begun attacking Iran's oil and gas infrastructure-something th...