US-Iran war: MCX crude oil futures rises 6% amid disruption in global crude market. Where are they headed?

US-Iran war: Crude oil prices saw a significant rally on the Multi Commodity Exchange (MCX) on Monday, February 2, following US-Israeli war against Iran, impacting global crude markets and raised concerns about a potential shutdown of the critical Strait of Hormuz

MCX Crude Oil March 19 Futures surged 6% to 3,6457 on Monday.

(This is a developing story)

Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.

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