Brent crude surged 1.7% to $98.66/barrel, hitting six-week highs after Iran threatened "economic warfare" and Saudi Aramco facilities came under fresh attack. West Texas Intermediate climbed to $94.08.
Goldman Sachs warned Brent could hit $120 if shipping attacks broaden, while ANZ pushed back supply normalisation expectations to Q2 2027.
For India — the world's third-largest oil importer — the implications are stark: **88% of...
