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Israel-Iran tensions impact: Brent crude prices surge past $75; OMC stocks like IOC, BPCL crash up to 6%.
Oil marketing companies' shares plummeted following Israel's military action against Iran, which drove Brent crude futures to a multi-month high of $75.36 per barrel. Concerns about potential disruptions to global oil supply, particularly through the Strait of Hormuz, intensified market volatility.
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