WorldBrent is nearing $100 again. For India, the risk runs from inflation to the rupee
Escalating Middle East conflict has pushed crude sharply higher, reviving concerns over India’s import bill, inflation and external balance.
THE INDIQA Research DeskPublished 9 Sept 2026Updated 30 Oct 20262 min read
Brent crude moved close to $100 a barrel on September 9 as fresh attacks in the Middle East raised fears of supply disruption. The move matters disproportionately for India because the country imports most of the crude oil it consumes.
A sustained oil shock can widen the current-account deficit, raise transport and input costs, increase pressure on the rupee and complicate monetary policy. The key variable is not only the headline oil price but whether shipping through the Gulf remains disrupted for long enough to lift freight, insurance and energy costs across the economy.
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