Brent Holds Above $88 as Hormuz Stays Shut, IEA Flags Five-Year Supply Gap
Brent crude held above $88 a barrel after gaining more than 5% last week, with the Strait of Hormuz still closed and Washington signalling further measures on Iran. The IEA forecast the widest global supply deficit in five years. India imports roughly 85% of its crude.
Nictick #2026-0032269 characters
Nictick — educational context
Crude is India's single largest import, so a sustained oil move touches the import bill, the currency and inflation expectations together. Order flow readers tend to watch how volume develops around prior high-volume price areas on such sessions, rather than react to the headline.