BPCL, HPCL and other OMC stocks in focus as crude slides below $70/bbl

Shares of BPCL, HPCL, and IOC are likely to stay in focus after crude oil prices tumbled below $70, following Iran’s missile strike on a U.S. base in Qatar in response to American airstrikes. The 6% drop reflects a restrained retaliation that avoided disrupting oil supply routes, suggesting Iran may be aiming to de-escalate further conflict.