Oil prices could hit $150 per barrel: Qatar energy minister
Oil prices are climbing close to $100 a barrel as tensions rise in the Middle East, putting major energy routes like the Strait of Hormuz at risk.
Qatar's Energy Minister Saad al-Kaabi cautioned that if Gulf supplies get disrupted, prices could even hit $150 and shake up the global economy.
For India, where over half its oil comes from this region, this means higher costs could hit everything from flights to delivery services.
Nifty struggles to break past key levels
India imports 55% of its crude oil from the Middle East and sends 17% of its exports there, so price spikes can squeeze profits for airlines, chemical companies, and logistics firms.
While some energy producers might benefit from higher prices, most businesses feel the pinch.
The Indian stock market is already feeling jittery, with Nifty struggling to break past key levels, and everyone's watching Middle East updates to see what happens next.