As geopolitical tensions in West Asia continue, market expert Arvind Sanger from Geosphere Capital suggests that fears of an extreme oil price spike have diminished. He notes that while the probability of crude oil reaching $150 a barrel has lessened, prices are unlikely to drop back to the previous comfort zone of $60-$70. Instead, a new normal of $80-$90 per barrel may emerge due to ongoing supply chain disruptions and depleted global inventories. Sanger emphasizes that the unwinding of these disruptions will take months, and even if tensions ease, logistical challenges will sustain higher prices. He also highlights that inflation remains a concern, with energy prices contributing to broader inflationary pressures, which could prompt central banks to adopt more hawkish policies. For India, which relies heavily on imported energy, stabilizing oil prices would be beneficial, although the country may need to strengthen its domestic growth drivers amid the global focus on artificial intelligence investments.