IOC, HPCL to BPCL: OMC stocks fall up to 7% as crude oil price spikes to $114 on flare-up in US-Iran war

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OMC stocks — Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) — lost 4-7% as oil prices rose to $114.