India  
 
NewsR.in

Oil stabilises as investors watch for Red Sea developments

IndiaTimes Wednesday, 27 December 2023
Oil prices stabilised as major shippers resumed passage through the Red Sea despite attacks and Middle East tensions. Brent crude futures down at $80.90 a barrel while US West Texas Intermediate crude eased to $75.23 a barrel. Attacks by Yemen's Houthi militia prompted fears of shipping disruption. Interest rate cuts may boost economic growth and fuel demand. Red Sea passage resumed by Maersk and CMA CGM after multinational task force deployment. Israeli military campaign in Gaza continues.
0
shares		ShareTweetSavePostSend
 
Video Credit: Oneindia - Published
News video: Oil Tanker Bound for India Targeted by Drone in the Red Sea, Houthi Rebels Blamed| Oneindia News

Oil Tanker Bound for India Targeted by Drone in the Red Sea, Houthi Rebels Blamed| Oneindia News 02:01

 In the Red Sea, a Gabon-flagged tanker carrying an Indian crew was struck by a Houthi attack drone aimed at India. The US responded to the distress call, revealing this incident followed an earlier attack near India, initially attributed to Iran. The Pentagon blames Iran for attacks linked to Houthi...

You Might Like


Related videos from verified sources

Red Sea crisis could put inflationary pressures on India’s economy| Houthis attack Red Sea| Oneindia [Video]

Red Sea crisis could put inflationary pressures on India’s economy| Houthis attack Red Sea| Oneindia

Initially, concerns about the impact of the Israel-Hamas conflict on the global economy were dismissed, as nearby oil-exporting regions continued their production without disruption. Despite efforts by..

Credit: Oneindia     Duration: 03:04Published
Red Sea Attack: Spanish PM Pedro Sanchez calls for new EU mission formation | Oneindia News [Video]

Red Sea Attack: Spanish PM Pedro Sanchez calls for new EU mission formation | Oneindia News

The Red Sea situation continues to intensify. In a noteworthy development, Spain has taken a stand against utilising the European Union's anti-piracy naval force, Operation Atalanta, to safeguard..

Credit: Oneindia     Duration: 02:11Published
Red Sea: US accuses Iran of being ‘deeply involved’ in Houthi attacks in Red Sea | Oneindia News [Video]

Red Sea: US accuses Iran of being ‘deeply involved’ in Houthi attacks in Red Sea | Oneindia News

The United States has asserted that Iran played a significant role in orchestrating Houthi attacks on commercial vessels navigating the Red Sea. Amid heightened concerns about the escalating threat to..

Credit: Oneindia     Duration: 03:05Published