Iran conflict: Anxiety to engulf these 5 sectors’ stocks

Shares of IndiGo and SpiceJet will remain in focus, as several flights have been cancelled. IndiGo said its flights to Europe would be cancelled in addition to those in West Asia. Indian carriers cancelled 350 international flights on Sunday with the closure of airspace amid ongoing clashes in the West Asia region.

Oil

Both downstream and upstream stocks such as Reliance, ONGC, IOC, BPCL, HPCL and GAIL India will remain in focus due to rising crude oil prices. Already, Brent crude was ruling higher at $78-80 a barrel, while US-traded oil at around $70-72.

Insurance

Premiums for aviation insurance will rise sharply and put pressure on insurance companies. Extensive airspace shutdowns across the region, along with widespread flight cancellations, could drive up aviation war-risk insurance premiums, potentially reducing the availability of aircraft capacity.

Shipping companies

International shipping has almost come to a standstill at the strait’s entrance, with analysts warning that a prolonged conflict could push energy prices even higher. BBC News, quoting Homayoun Falakshahi from Kpler, said at least 150 tankers have dropped anchor in open Gulf waters beyond the Strait of Hormuz, although a handful of Iranian and Chinese vessels have passed through today.

Energy-sensitive stocks

Energy-intensive industries, including aviation, logistics, paints and chemicals, are likely to experience margin compression due to rising input costs.

Published on March 2, 2026