Oil prices surged past $110 a barrel as Houthi attacks in Saudi Arabia raised alarms. The US took precautionary measures by evacuating diplomats' families from the kingdom amid escalating security issues.
Simultaneously, US crude inventories dropped sharply, while distillate stocks showed an unexpected increase. Heightened threats to energy supplies from Iran have intensified concerns over shipping safety.
This story was reported by The Times of India. Read the full coverage at The Times of India.
