LPG News: The war between the US and Iran is now over, but this ceasefire is only in effect for 60 days. If war breaks out again after this, what impact will it have on India? Let's find out.

Will inflation increase again?

LPG-OIL News: A ceasefire has been reached between Iran and the United States. This ceasefire will remain in effect for 60 days. But the question is, what will happen after 60 days? What if a deal isn't reached between Iran and the United States? Will inflation rise again? Will there be another shortage of oil and gas? The biggest question is what impact will this have on India?

What will be the impact on India?
Recently, the rating agency Crisil released some new data that reveals what the future holds. According to Crisil's rating, the impact of this conflict on Indian companies' profits will be much less than previously thought. Companies' operating profits are now expected to decline by approximately 1% in the financial year 2026-27.

However, it was previously estimated that if the conflict continued and shipping through the Strait of Hormuz was disrupted, profits could decline by up to 2%. This estimate comes at a time when shipping through the Strait of Hormuz has resumed following the ceasefire, leading to a decline in crude oil prices. However, Crisil noted that tensions in the Middle East have not completely subsided, and it may take some time for gas supplies to return to normal.

Will crude oil prices rise?
According to a Crisil report, the average price of Brent crude oil could remain at $80-85 per barrel this fiscal year. Meanwhile, gas supply disruptions could last for about four months.

While 22 areas were previously expected to be affected
, this has now been reduced to 10. The areas likely to be affected include:

• Aviation
• ceramic
• Flexible Packaging
• Specialty Chemicals
• polyester textile
• The diamond polishing industry is included.

These industries may continue to be impacted by expensive raw materials and supply challenges. Oil marketing companies (OMCs) are expected to benefit the most from the decline in crude oil prices. Fertilizer companies may also benefit from cheaper crude oil and lower energy costs. According to Crisil, lower oil prices are likely to improve the profitability of these companies.