02 Mar 2026 | 5 Mins Read
MCX crude oil futures surge 6% amidst global market disruption
Flipitmoney
MCX crude-oil futures jumped about 6%, hitting roughly ₹36,457 as the US-Iran conflict disrupted global markets and raised fears of supply shocks via the Strait of Hormuz, a key oil export chokepoint. Traders are pricing in higher risk premiums and volatility, with prices potentially staying elevated if tensions persist or supply routes remain affected.