Oil At $137: India's Big Test Amid West Asia Conflict
Edited By WION Video Desk
Published: Mar 17, 2026, 15:00 IST | Updated: Mar 17, 2026, 15:00 IST
Global crude oil prices have surged to $137 per barrel, triggering alarm across energy markets as conflict intensifies in West Asia.
For India, one of the world’s largest oil importers, the spike presents a major economic challenge. Higher crude prices could drive up fuel costs, increase inflation, and strain government finances.
The surge is linked to supply disruptions and rising geopolitical tensions involving key oil-producing regions, raising fears of prolonged volatility in global energy markets.
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