The impact of the ongoing geopolitical tension between Iran and America is clearly visible on the international oil market. On Thursday, Brent crude oil prices rose to $ 126 per barrel, which is said to be the highest level in the last four years. However, in the second half of the day, prices declined and came down to $ 116 per barrel.
Amidst this sharp fluctuation in oil prices, it is also being claimed by agencies that due to the current situation and situations like Iran war, the country’s oil companies are suffering huge losses. According to estimates, oil companies are incurring a loss of around Rs 2,400 crore every day.
However, economic data is presenting a different picture from this claim. According to the average data for the financial year 2025-26, crude oil prices have been around $ 71 per barrel, which is considered to be the lowest average level after the Covid period 2020-21. This fact shows that prices have remained relatively stable and low throughout the year.
According to reports, the Iran-US conflict is considered to start from February 28, 2026. Earlier till February 27, crude oil prices were around $ 76 per barrel. That is, in just two months after the war started, a sharp jump in prices has been recorded, which has increased the instability in the global energy market.
On the other hand, according to government data, the country’s four major oil companies have earned a total profit of Rs 1.37 lakh crore in the first nine months of the financial year 2025-26. Its average comes to around Rs 116 crore per day. This figure reflects the strong financial position of the companies despite the decline and stability in oil prices.
Experts believe that the different figures coming out regarding crude oil prices and profits of companies reflect the complexity of the global market. On one hand, geopolitical tensions at the international level are creating volatility in prices, while on the other hand, domestically, the earnings and profit figures of oil companies remain strong.
Energy analysts say that if the Iran-America tension prolongs, then there may be a further rise in crude oil prices in the coming times, which will have a direct impact on the global economy and fuel prices.
At present the situation is that there remains instability in the international market, but domestic data is presenting a different economic picture, which makes it clear that the assessment of profit and loss in the energy market depends on many factors.