Global oil prices moved higher at the start of the week after renewed geopolitical tensions in the Middle East triggered concerns over energy supplies. Brent crude rose above $81 per barrel, while West Texas Intermediate (WTI) traded near $79, following reports that Iran had once again closed the strategically important Strait of Hormuz.
Domestic LPG cylinder prices have been increased by Rs 29 across India, marking the second hike in three months as rising global energy costs and Middle East tensions continue to pressure fuel markets.
