Ajay Kedia Warns: Crude Oil Could Hit $135 Amid Middle East Conflict, Global Economy at Risk

• Escalating Middle East conflict and Strait of Hormuz disruptions threaten global energy supply, impacting 20.5 million barrels of oil and significant LNG trade daily.
• Analyst Ajay Kedia predicts crude oil prices could surge to $130-$135 per barrel, leading to energy shortages and a decline in demand.
• Industries face severe disruptions: LNG price hikes in Europe/Asia, pressure on metal production, increased fertilizer costs affecting agriculture, and global supply chain issues.
• Gold and silver show weak performance initially but may become safe havens; crisis could trigger global recession, currency depreciation in import-dependent economies, and end of cheap energy era.
• India's LPG supply crisis deepens as 90% of its imports pass through the Strait of Hormuz; government limits commercial supply by 20% and sets 25-day refill interval for domestic consumers.