Corporate India is grappling with a sharp spike in commodity costs triggered by the war in West Asia that has forced firms to reassess pricing strategies, defer capital expenditure plans, and brace for earnings and margin pressures in the coming quarters. Crude oil, the most immediate casualty of the conflict, has seen heightened volatility, with the benchmark Brent price surging nearly 33% since the start of the war. Key industrial raw materials and petroleum derivatives such as urea, naphtha, sulphur, titanium dioxide and PVC resins have seen price rise ranging from nearly 20% to as high as 70% in the past month and half.