IndiGo, SpiceJet Shares Decline As Rising Crude Prices Fueled By US-Iran Tensions Weigh On Airlines
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Shares of IndiGo and SpiceJet have been impacted by fluctuations in crude oil prices, which are being influenced by US-Iran tensions. The stocks have experienced both declines and gains, with some reports indicating they have fallen by as much as 8% and others showing they have risen by up to 7%. The direction of the stocks appears to be tied to the movement of crude oil prices, with increases in oil prices weighing on the airlines and decreases providing a boost.
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