🌐 Geopolitical🇮🇳 India
Houthi Attacks Drive Oil Past $100 — India's Import Bill Just Got Bigger
The Hindu·Friday, 24 July 2026
Brent crude oil prices climbed 6.2% and briefly crossed $100 per barrel after Yemen's Houthis struck Saudi tankers in the Red Sea. This is the first time the price has hit this level in two months. The article specifically notes the spike is stressing India's crude import routes.
Why It Matters
India imports most of its oil, so a sharp rise in crude prices feeds directly into higher fuel costs, inflation, and a bigger hole in the government's budget.
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