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Tag: Crude Oil
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Oil Hits $100: Why India’s Economy Faces a 6 Percent Inflation Trigger
As global crude oil crosses $100 a barrel, India faces surging inflation, a plunging rupee, and slowed GDP growth. The economic shock hits wallets now.
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Russia’s Oil Jackpot: How War Is Refilling Moscow’s War Chest
Surging global oil prices are delivering billions in unexpected revenue to Russia, complicating Western sanctions meant to weaken Moscow’s war economy.
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Hormuz Truce: Iran Grants India Safe Passage
India secures safe passage for tankers in the Strait of Hormuz after Jaishankar talks with Iran. 28 ships and 778 sailors are cleared to move amid the blockade.
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Saudi Arabia Shuts Down Ras Tanura Oil Refinery, Global Markets on Edge
Saudi Arabia has reportedly shut down the Ras Tanura oil refinery, one of the world’s largest oil facilities, raising concerns over global oil supply, crude prices, and energy market stability.
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