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The Economic Times

Economy / The Economic Times

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Oils $100 nightmare is back as worst-case scenario is taking shape

Houthi attacks on Saudi energy facilities have disrupted oil operations. These strikes also pressure the Bab al-Mandeb chokepoint, impacting oil flows. The Strait of Hormuz remains impaired, creating a dual threat to global supply. This situation makes significantly lower oil prices before late 2026 increasingly unlikely. Oil prices may potentially slip back into above-$100 territory.

8 Sep 2026 8:28 pm