Punjab, Oct. 23 -- Oil has reached its highest price since May. And Emmanuel Macron has called comments from Donald Trump about the French riots "unacceptable, stupid" - a sentence a French president does not normally direct at an American one.
The oil level
Crude near 114 dollars is the highest in five months, and it is the number driving almost everything in Indian markets right now. The Sensex has fallen four sessions running and India VIX rose about 6 per cent on Friday.
What is pushing it is supply risk rather than demand: twelve ships attacked in and around the Strait of Hormuz in a week, Riyadh's airport closed after Houthi strikes, and a US administration asking European allies to release strategic diesel reserves.
For India, wh...