Thanks to the war in the middle east and the closure of the Strait of Hormuz, global oil prices have hit their highest level since 2022....
The oil cartel that is OPEC is likely to be severely weakened by the decision of one of its key members to exit the cartel. Notably, OPEC countries produce 40% of the world's oil and decide the intern...
Of course, the challenge is not over. If the Iran war continues and global oil prices remain elevated for a prolonged period, India too may eventually face pressure to adjust domestic fuel prices....
