The recent surge in oil prices is posing a challenge for Indian oil marketing companies (OMCs). Shares of Bharat Petroleum Corporation Ltd. (BPCL), Hindustan Petroleum Corporation Ltd. (HPCL) and Indian Oil Corporation Ltd. (IOCL) declined sharply on Thursday, amid rising tensions in the Middle East following the Israel-Iran conflict. Growing concerns over oil supply disruptions further weighed down the overall investor sentiment.