Shares of GAIL (India) Ltd fell 2.68% to ₹187.02 in early trade on Friday, sliding from a previous close of ₹192.18. The decline comes as global energy markets react to heightened geopolitical tensions following Israel’s large-scale airstrike on Iran, which caused crude oil benchmarks to surge over 10%.

GAIL, India’s leading natural gas processing and distribution company, is sensitive to volatility in global energy prices. A spike in crude often influences spot LNG rates and increases operational pressures on downstream and midstream gas firms.

Brent crude futures were last seen trading over $77 per barrel, while WTI rose past $75, reflecting the elevated risk premium on oil supply disruptions. Analysts warn that continued conflict or potential Iranian retaliation near key supply routes like the Strait of Hormuz could tighten global energy availability and push input prices higher for Indian gas utilities.

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