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Crude Oil Above $100: Can Saudi Arabia’s export disruption trigger a new global energy shock?
Indian markets moved higher.
19 Sept 2026 · Economic Times Markets
Crude oil has crossed $100 a barrel as Saudi Arabia faces disruptions to its alternative export route following attacks on the East-West Pipeline. Prolonged outages could tighten global supplies, raise prices and increase risks for oil-importing economies such as India, while a sustained disruption could push Brent towards $115-$125 a barrel.
The analysis
This is an Input cost / crude event. India imports most of its crude, so input costs pass through to margins downstream and to the rupee. Producers and consumers of the same input move in opposite directions.