Developing story

Everything that happened in Oil surges past $100 on Middle East tensions

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WorldTimes of India

Iran war pushes Brent to $100, oil companies fear hit to their finances

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  1. Global benchmark Brent crude topped $100 per barrel for the first time in nine weeks.

  2. Renewed US-Iran conflict disrupted shipments through the Strait of Hormuz.

  3. Houthi rebels continued targeting shipping through the Bab el-Mandeb Strait.

  4. Indian basket of crude climbed to $93.19 per barrel, up nearly 40% from July 2 levels.

  5. State-owned HPCL and BPCL reported combined losses of over Rs 14,000 crore in the June quarter due to LPG under-recoveries.

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Times of India

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Mixed factuality

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Sahu Jain family

Times Group

Bennett, Coleman & Co. (Sahu Jain family)

India's largest newspaper group by circulation.

Wikipedia: Sahu Jain family