US refiner Phillips 66 faces around ₹8,400 cr loss amid Iran war

US refiner Phillips 66 on Monday said that it faces losses of nearly $900 million (about ₹8,400 crore) amid the Middle East war. The refiner said its first-quarter results were hit by an increase in prices. The company's energy segment is expected to see an impact of up to $450 million (over ₹4,100 crore), it said.