IndiGo, SpiceJet shares rally up to 4% as crude oil prices fall below pre-war levels after 42% crash (opens original article in a new tab)

Aviation stocks rose as crude oil prices fell below pre-war levels, easing supply concerns and boosting investor sentiment.

• Aviation stocks like IndiGo and SpiceJet rose up to 4% after crude oil prices fell below pre-war levels
• Crude oil prices dropped 42% from a $126-a-barrel peak on April 30
• Brent crude fell to $72.40 a barrel, below $73 since February 28, 2026
• U.S. Energy Secretary noted oil flows through the Strait of Hormuz nearly returned to pre-war levels