Organization of the Petroleum Exporting Countries

Oil Tops $100 as Houthi Attacks Shift Routes

Brent crude prices near $97–$100 amid West Asia tensions are fueling volatility in Indian markets and raising concerns that sustained higher oil costs will widen India’s current account deficit and lift inflation, given the country’s heavy crude imports. Analysts warn the oil shock could keep rupee pressures, push up the import bill, and weigh growth unless supply and geopolitical risks ease.