Crude Oil Soars 9% Amid Mideast Tensions; India's Fuel Prices Stable For Now

• Crude oil prices surged nearly 9% internationally due to Middle East conflict involving America, Israel, Iran, and Tehran's retaliation.
• Global benchmark Brent Crude reached almost $80 per barrel; US crude rose 8.6% to $72.79 per barrel.
• India, importing 88% of its crude oil, faces increased import bills due to rising international prices.
• Despite the surge, retail petrol and diesel prices in India are unlikely to increase immediately, say sources.
• Government and oil companies aim to maintain price stability to control inflation; prolonged high prices could eventually impact costs.