Oil prices surged after Iran President Ebrahim Raisi’s death in a helicopter crash in East Azerbaijan province. The chopper carrying the President and his Foreign Minister Hossein Amir-Abdollahian had disappeared over a mountainous region. As concerns emerged over how the rising geopolitical tensions and the political uncertainty in the region will impact oil prices in the near term and long term, NDTV spoke with Nasser Salim, the Managing Partner of Flexi Capital, on what this will mean for the commodity and the equity markets going forward.
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