Iran Crude Oil

"Oil prices rising to triple digits, as some are people saying, is not something that I believe in," says International Energy Agency's Fatih Birol

Index movement and the weighting are calculated on free-float market capitalisation of individual index stocks. Free float is the portion of the shares owned by non-promoters

Among other sectors staring at a negative impact from higher crude oil prices are tyres and cement

The Stena Impero was seized on Friday by the Iranian Revolutionary Guard

The report added that the sanction will increase supplier concentration for Indian refiners, which in turn makes it credit negative

Tehran has started to ship crude oil to India in its own ships and is also providing insurance cover for the transportation