Mint explainer: how does current oil volatility affect India’s energy security playbook? | Today’s news

Brent crude rose about 20% from around $79 a barrel in early July to around $95 today, reversing the easing seen during a month of relative calm in the US-Iran conflict. Renewed US strikes on Iran on August 31, followed by Iranian retaliation, brought the risks of supply disruptions back to the fore.