Crude Oil Above $125: Can Middle East Tensions Keep Prices High? Sharad Avasthi Explains

Crude oil prices above $100 a barrel are raising concerns for India’s economy and stock markets. Sharad Avasthi, Head of Research (PCG), SMIFS, explains how higher oil prices, rising interest rates, and geopolitical tensions could impact Dalal Street, inflation, and India’s trade deficit. The discussion explores whether the current oil spike is temporary or could persist if Middle East tensions continue. Sharad also shares his long-term outlook on oil demand, electric vehicles, and alternative energy, explaining why crude prices could trend lower over the next five to ten years despite short-term volatility.