Oil prices experienced an increase due to growing concerns about potential supply disruptions stemming from the escalating conflict between Russia and Ukraine. Ukrainian drone attacks have significantly impacted Russia’s oil processing capacity, leading to heightened anxieties. Geopolitical tensions are further amplified by China’s pursuit of a new global order, challenging the U.S.
ETMarkets Smart Talk | Crude at $100 could shave up to 1% off India’s GDP growth, cautions Garima Kapoor
India faces economic challenges from rising geopolitical tensions and high crude oil prices. Experts warn of potential GDP growth reduction and inflation spikes. Investors are