Middle East Oil Shock: India’s Price Pain

• Shubh Laabh
• April 6, 2026

Global Oil Crisis: Surging Prices and India’s Economic Challenge Middle East Oil Crisis India Impact: The ongoing Middle East conflict has triggered a severe global oil crisis, with Brent crude prices soaring past $115 per barrel amid critical disruptions in the Strait of Hormuz. This vital chokepoint handles 20% of the world’s oil flows, now threatened by Houthi attacks and escalating U.S.-Iran tensions under President Trump, driving WTI…