New Delhi, March 6 -- The ongoing conflict in the Middle East, with the US and Israel-led attacks on Iran and the strong retaliation by the Islamic state, has put the global investors on edge and oil prices on a boil.

This situation does not bode well for the equity and bond market investors. The signs of a bloodbath on Dalal Street are clearly visible as crude prices surge past the $86 per barrel mark. The oil prices are forecasted to cross $100 if signs of peace don't materialise.

Every $1 increase in crude raises India's annual import bill by approximately $2 billion. Brent crude futures have surged 20% this week.

Prolonged tensions have increased logistics and marine insurance costs, disrupting Gulf shipping routes, with many compa...