Red Sea crisis to spike India's oil prices: WEF chief
Shortpedia
Content Team
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World Economic Forum (WEF) President Borge Brende said that the escalating tensions in the Red Sea - due to the attacks on merchant ships by Yemen's Houthi rebels - could hike oil prices in India. Brende, in an interview with India Today, mentioned that the attacks would negatively impact the global supply chain. He also predicted a $10-20 increase in oil prices for countries like India heavily reliant on oil imports.
