How much is it possible for petrol-diesel prices to rise by Rs 3-4?

Crude oil prices have been stable in the international market for some time now but international politics has changed rapidly following the drone attack on Saudi Arabia's oilfields Aramco. The United States does not believe that the attack on the Syrian rebels from Yemen but Iran was supported by the rebel group, but crude oil prices were increased by 8 percent after US President Donald Trump first gave clear indication of military action on Iran. This is the first event since the Gulf War between Iraq and the United States, with such a huge increase in crude oil prices in just a short span of just five days. Although OPEC, an organization of oil-producing countries, has said that it should not worry, experts believe that a sharp increase in petrol-diesel prices in countries around the world, including India, cannot be ruled out.

Trump backs on Iran-backed Houthi rebels

US President Donald Trump has warned of a return to Saudi Arabia's attack on oil fields. Thus, Trump is known for taking an aggressive stance but for the first time has given him a clear signal of military action. Trump tweeted that Saudi Arabia had attacked the oil resort. We have good reason why we know who the culprit is. If it is confirmed we are ready (for the attack). We want to know from Saudi Arabia what the cause of the attack is and how to proceed. It is believed that Iranian-backed Yemeni rebels in Yemen claimed to have attacked Saudi Arabia's two largest oil fields on Saturday, the last day of last week. US Secretary of State Mike Pompeo blamed Iran for the attack, saying the US believes that although the attack was from Yemeni soil, there is no evidence that the attack was carried out by Yemen.

Will America Attack Iran?

The proliferation of relations between Iran and the United States has been strained for a long time, so attacks on Aramco's oil sites have served as a deterrent. However, Iran has denied the US allegations and suspicions that it was supportive or supportive of the attack on Aramco, so much so that before US action, Iran agreed that US military bases and aircraft carriers fall within its missile range. It is also believed that a senior commander of Iran's Revolutionary Gordas has challenged the United States to be fully equipped for the war in Iran. Saudi Arabia's government oil cup drone attack on Aramco's oil fields is fueling the rise in crude oil prices.

The biggest rise in crude oil prices since the Gulf War

Crude oil prices rose 5 percent on Monday after Saturday's attack. This is the first time that crude oil prices have risen sharply in just one day after the Gulf War between Iraq and the United States. According to experts, the impact of the Crisis after the Aramco attack is likely to affect India as well, so India is likely to increase by Rs 1 to 3 per liter. Saudi Arabia's oil production, which is known as production loss, has declined due to fires in the Aramco oil fields following the drone attack. With Saudi Arabia being an important country producing crude oil, petrol-diesel prices are rising again.

There is no cause for concern, OPEC claims, an association of oil producing countries

Although there is no cause for concern, according to Mohammed Burkindo, secretary-general of OPEC, an oil-producing country, experts believe that the impact of price hike on India cannot be ruled out. With the slowdown in the economy, rising crude oil prices may increase inflation, the economy may become even more fragile. The chaotic relationship between Iran and the United States also adds to the chaos in the Gulf region, adding to the chaos.