What Really Makes An Oil Barrel And How It Impacts Your HouseHold Budget
New Delhi: Global crude oil prices have surged sharply since the Iran war intensified in early 2026. Tensions in the Strait of Hormuz, a chokepoint for roughly 20 per cent of the world’s oil and liquefied natural gas exports, have constrained supply flows.This has pushed benchmarks like Brent and US West Texas Intermediate (WTI) higher….