$95 Oil Sends Shockwaves Through Global Energy Markets

The recent escalation in military tensions between the United States and Iran has sent shockwaves through global energy markets, pushing Brent crude to $95.54 per barrel as of September 2, 2026.

This geopolitical friction creates potential challenges for Indian markets, particularly regarding inflation and costs for energy-importing sectors.

India is a large importer of crude oil, meaning higher global prices can lead to a wider trade deficit and create pressure on the Indian Rupee.