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Oil Crisis 2.0? Central Banks Brace for Middle East Fallout

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William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades." This week,

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New Delhi: Any escalation in the Middle East crisis or a sharp rise in crude oil prices could pose serious risks to Indian oil marketing companies (OMCs) and gas companies. However, Indian OMCs and gas companies are currently facing mixed impacts from the ongoing volatility in crude oil prices. According to a report by ICICI Securities, despite crude oil currently trading at $73-74 per barrel, there is already a significant impact on the earning…

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ChiniMandi broke the news in on Monday, June 16, 2025.
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