Evening Wrap: India Today

Brent crude surged 3.6% to $109.30 per barrel after Saudi Arabia shut its East-West pipeline as a precaution following drone attacks, removing a key alternative route to the blocked Strait of Hormuz. The shutdown could cut global supply by 4% if the pipeline remains offline for weeks.

Watch List

• Saudi pipeline recovery timeline: Repair estimates range from five to six weeks, with Yanbu's storage able to support exports for only five to seven days. A prolonged...