Khamenei's Death Deepens US-Iran Crisis, Raises Crude Oil Supply Shock Concerns

• Supreme Leader Ali Khamenei killed in missile strikes, deepening US-Iran geopolitical crisis.
• Iranian media confirmed the killing and announced 40 days of mourning.
• Global attention shifts to the Strait of Hormuz, a vital passage for 20-30% of global oil and LNG supplies.
• Escalation could push crude oil prices over $100 per barrel, impacting India's petrol and diesel prices.
• India's reliance on Middle Eastern crude via Strait of Hormuz has increased, making it vulnerable to supply disruptions.