Crude prices hit 4-year high, Brent touches $126 amid concerns of prolong blockade of Strait of Hormuz

Costly crude poses a threat to global economic stability, particularly for major importers like India. Since India relies on imports for 90% of its oil, sustained high prices are expected to widen the current account deficit and weaken its currency.

source https://www.livemint.com/news/crude-prices-hit-4-year-high-brent-touches-126-amid-concerns-of-prolong-blockade-of-strait-of-hormuz-11777559415602.html