New Delhi, July 15 -- Petrol and diesel prices today, 15 July: Retail fuel prices in India stood steady on Wednesday despite Brent crude price recovery for a third day. Oil prices soared following the collapse of the US-Iran ceasefire as US President Donald Trump threatened further strikes on Islamic Republic. The disruption along the Strait of Hormuz shipping route has heightened uncertainty about energy flows.

The US reinstated its blockade of Iranian ports on Tuesday and launched fresh strikes. In retaliation, Iran launched retaliatory strikes on US infrastructure in Bahrain and Kuwait early Wednesday. As the two sides exchanged tit-for-tat strikes, the escalation in hostilities injected fresh risk into the market. Brent crude, the in...