Shares of Apollo Tyres Ltd declined 1.56% to ₹450 in Friday’s session, slipping from a previous close of ₹457.15, as investors turned cautious following a sharp rise in crude oil prices after Israel launched a military strike on Iran.

The tyre sector, including companies like Apollo Tyres, is highly sensitive to crude price movements since synthetic rubber—one of the main raw materials—is derived from petroleum. A surge in crude prices raises input costs, tightening operating margins for tyre makers.

Crude benchmarks like WTI and Brent jumped over 10% amid concerns of wider regional escalation, adding pressure across oil-linked sectors. With Apollo Tyres already operating at a competitive margin environment, this external shock could weigh on short-term profitability unless offset by price hikes or volume gains.

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