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.