The ongoing Iran conflict has led to rising international coal prices. This could result in big gains for Coal India Limited (CIL) if it influences trends in coal e-auctions. Currently, eauction premiums are 55-65 per cent over fuel supply agreement or FSA rates. However, back in the second quarter of 2022-23 (Q2FY23), the premium had spiked to 329 per cent during the Russia-Ukraine war.