Oil threat looms for India as inflation set to breach 6% limit

Oil briefly rose above $70 a barrel last week for the first time since September amid U.S.-Iran tensions, and while they’ve since eased, prices remain elevated compared to last year. In India, the world’s third-biggest oil importer, costs of everything from food to medicines and mobile-phone services have already been climbing.

from News-Economic Times https://ift.tt/36JP4h8