Gurmeet Chadha: Iran-Israel War's Crude Price Spike Will Be Temporary
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Crude Price Spike Unsustainable Post Iran-Israel Conflict: Gurmeet Chadha
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CNBC TV18•01-03-2026, 22:28
Crude Price Spike Unsustainable Post Iran-Israel Conflict: Gurmeet Chadha
•Gurmeet Chadha of Complete Circle predicts short-term crude oil volatility due to Iran-Israel conflict, but not sustained price hikes.
•Oil prices already hit seven-month highs, up nearly 20% due to war premium and military build-up around Iran.
•Upstream companies, E&P players, and standalone refiners like Chennai Petroleum may benefit; oil marketing companies and oil-linked sectors face pressure.
•Chadha warns that current oil shocks are more damaging due to high global debt levels and a fragile system.
•Safe-haven assets like gold and silver are reacting positively, with silver showing potential for further upside.