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Middle East on the boil, oil prices skyrocket: What are India's options?

📅 March 10, 2026 12:00 AM ⏱️ 1 min read 🕐 Scraped: March 09, 2026

Summary: Economists warn that sustained price hikes could impact the Indian economy with a $2.5 billion per dollar increase. In Parliament, External Affairs Minister S Jaishankar advocated for diplomacy, while opposition leaders questioned the government's response.

A severe global oil crisis triggered by the West Asia conflict has pushed Brent Crude prices above $100 per barrel, briefly reaching $119.50.

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March 10, 2026 at 12:00 AM

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