Brent Crosses $100. Every Indian Asset Class Is Now Trading Off Oil.
Brent has crossed $100 a barrel, its first break above that level since July, after fresh US-Iran escalation near the Strait of Hormuz. Wall Street closed lower, the US 10-year sits near 4.84%, the rupee opened past 95, and gold and bitcoin firmed while equities stayed defensive.
Nictick #2026-0047280 characters
Nictick — educational context
India imports over three-fourths of its crude. A sustained $100 Brent widens the import bill, pressures the rupee and feeds inflation. When oil and bond yields rise together, the usual gold-versus-risk relationship stops behaving normally and capital reprices across asset classes at the same time.