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It is unclear who will ultimately govern Iran, the fourth-largest oil producer in OPEC, after U.S.-Israel strikes killed Ayatollah Ali Khamenei.
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Experts have warned that a prolonged conflict could push global energy prices even higher.
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As conflict in the Middle East causes surging oil prices and disrupts the aviation sector, India is coming under pressure.
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The U.S. and Israeli attacks on Iran have sent a chill through world markets, with U.S. futures falling more than 1%
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The conflict in the Middle East has sent oil prices soaring, as Bret Crude hit a new 52-week high on Monday.
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The high prices came as U.S. and Israeli attacks on Iran and retaliatory strikes against Israel and U.S. military installations around the Gulf sent disruptions through the global energy supply chain.
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Oil futures on Monday jumped by over 8%, with West Texas Intermediate futures and Brent trading at $72.52 and $79.04 per barrel respectively.
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