Oil, Rupee, and Tariffs: India's Economy Stands at a Crossroads

Brent crude went on a wild ride this week, breaching $100/barrel on July 23-24 for the first time since May before plunging to $87 by July 28. The trigger? Escalating US-Iran conflict drove prices higher mid-week, with Houthi attacks on Red Sea shipping and a Strait of Hormuz blockade scare spiking fears of supply disruption. By Monday, a diplomatic pause between Washington and Tehran sent crude tumbling over 5% in a single session. For...