Скачать или смотреть Oil Crisis Explained: Why Prices Jumped Above $100 & What It Means for India | Business News

Oil prices have surged past $100 per barrel amid escalating tensions in West Asia, raising fears of a fresh energy shock for the global economy.

With the Strait of Hormuz at the center of the conflict, markets are on edge as disruptions to oil supply threaten inflation, currencies and stock markets worldwide. Brent crude even spiked close to $120 per barrel before cooling slightly.

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