WTI Crude holds firm above $100 on escalating war risks

WTI Crude oil futures remained steady above the $100 per barrel mark, hovering near their highest levels since 2022, as the Iran conflict entered its fifth week and geopolitical risks continued to intensify. Concerns over supply disruptions grew after Iran-backed Houthi militants expanded hostilities, raising threats to key shipping routes like the Red Sea and critical energy infrastructure in the region. With the US reportedly preparing for prolonged military operations and deploying additional troops, markets are increasingly pricing in sustained instability rather than a quick resolution, keeping a firm risk premium embedded in oil prices. Meanwhile, MCX April crude futures climbed over 3% to trade near Rs 9,680 per barrel, reflecting the strength in global benchmarks.

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