Morning Brief: India — What Happened in the Last 24 Hours

Brent crude touched $89/barrel as the Strait of Hormuz crisis spiralled into a three-way standoff. Trump threatened to bomb Oman, Iran warned of "timely and precise" retaliation if Washington fails to honour a deal within weeks, and 16 Indian sailors aboard AM Pioneer released a desperate SOS video refusing to transit the waterway. The world's most critical oil chokepoint — through which a significant share of global oil flows — is now a geopolitical minefield,...