Business Standard

Brent crude futures dropped 81 cents, or 0.78%, to $103.06 a barrel at 0031 GMT after settling down 0.91% on Friday

India on Wednesday condemned the latest wave of attacks carried out by Houthi militants on oil installations in Saudi Arabia, and said the strikes undermined regional security. The Iran-backed Houthi militant group targeted Saudi oil facilities and some other civilian infrastructure on Tuesday, triggering widespread apprehensions about further escalation in the West Asia conflict. India condemned the attacks on Saudi sovereign territory, especially the targeting of civilian and economic faciliti

The global economy has weathered the oil shock caused by the closure of the Strait of Hormuz etter than feared due to various factors, including an investment boom in artificial intelligence, IMF Managing Director Kristalina Georgieva has said. What started out as a US phenomenon with AI is now becoming a growth engine for the global economy, with other countries ramping up construction of data centres and other infrastructure, Georgieva told journalists on Tuesday. She said the global economy