ONGC, Oil India shares outperform sector with double-digit gains in 2026. Will Iran-Israel crisis fuel more upside?

ONGC and Oil India shares have surged this year, outperforming the Nifty Oil & Gas index despite a sector-wide decline. Experts anticipate further upside for these upstream oil producers due to the escalating Iran-Israel crisis and potential crude oil price hikes, with a strong medium-term outlook.