Crude Oil Hits $111 as Strait of Hormuz Remains Closed

Crude oil prices climbed above $111 per barrel as the 38-day US-Iran conflict continues, with the critical Strait of Hormuz remaining closed to shipping. This has triggered a significant supply crunch in global markets. However, India has successfully maintained largely stable domestic fuel prices despite the international volatility. Consumers can check today's petrol and diesel rates in major cities including Delhi, Mumbai, Bengaluru, and Kolkata.