Crude Oil jumps 4%; HPCL, IOCL shares fall over 2%

Shares of oil marketing companies fell on Monday as crude oil prices surged over 4% amid renewed tensions in West Asia. HPCL and IOCL declined over 2%, while BPCL slipped nearly 2%. Rising crude prices can pressure fuel retailers' margins, with investors closely tracking developments around energy shipments through the Strait of Hormuz.