Crude oil price hits 4-month high above USD 108 amid escalating West Asia tensions
New Delhi, Sept. 11 -- Brent crude oil prices surged to a four-month high of USD 108.77 per barrel on Friday as tensions in West Asia escalated further, raising concerns over the impact of higher energy prices on India's economic growth, inflation and external sector.
At the time of reporting, Brent crude was trading at USD 107.75 per barrel, after touching a four-month high of USD 108.77 per barrel.
The situation in West Asia has entered a critical phase, transitioning into a full-scale direct war primarily involving the United States and Iran. The escalation has severely disrupted global energy corridors and triggered regional military mobilisations, putting further pressure on crude oil prices.
Brent crude has surged more than 12 pe...
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