⛏Brent Crude Oil Futures
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US strikes on Iran and Houthi attacks on oil tankers in the Red Sea drive crude oil prices above $96 per barrel.
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India's Sensex index opened lower today after crude oil prices surged past $96 per barrel, driven by renewed US strikes on Iran and Houthi attacks on oil tankers in the Red Sea. The Sensex opened at 76,515.10, down 239.95 points or 0.31%. Elevated oil prices pose a significant risk to India, the world's third-largest importer and consumer of crude oil, as they could fuel inflationary pressures, widen the trade deficit, weigh on economic growth, and squeeze corporate profit margins.
US strikes on Iran and Houthi attacks on oil tankers in the Red Sea drive crude oil prices above $96 per barrel.