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Red Sea Crisis To Elevate India’s Oil Prices: Reports

The ongoing Red Sea tensions caused by Houthi rebel attacks on merchant ships disrupt the global supply chain. In an interview with India Today, World Economic Forum (WEF) president Borge Brende warns of a potential $10-20 oil price increase for importers like India, adversely affecting its economy. He expressed concern about the Suez Canal closure and hoped for an end to Houthi attacks in the region.

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