Mint Explainer: How Is The Current Crude Oil Volatility Affecting India's Energy Security Playbook?

2026-09-03 05:00:51

(MENAFN- Live Mint) Crude oil is back in focus as fresh hostilities in West Asia revive concerns over supplies from the region. Brent crude is trading above $95 per barrel after US military strikes on areas along Iran's southern coast.

Brent crude has risen around 20% from about $79 a barrel in early July to around $95 currently, reversing the easing seen during a month of relative calm in the US-Iran conflict. Renewed US strikes on Iran on 31 August, followed by Iranian retaliation, have pushed supply disruption risks back to the forefront.

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Mint Explainer: How Is The Current Crude Oil Volatility Affecting India's Energy Security Playbook?

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