Global energy markets are in a tailspin. Following a dangerous drone attack on a UAE nuclear power station, US President Donald Trump has issued a chilling ultimatum to Iran, stating “the clock is ticking.” As Tehran tightens its grip on the vital Strait of Hormuz and rejects Washington’s latest peace proposal, Brent crude has breached the $100-a-barrel mark. Speaking from The Hague, Prime Minister Narendra Modi has issued a stark warning, labeling this a “decade of disasters” that could undo decades of poverty alleviation. With Indian oil companies facing mounting losses and petrol prices already up by ₹3, we decode the massive economic storm heading our way.
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