Pentagon Readies Post-Midterm Iran Strike Options as Brent Holds Near Six-Month High
The US military has drawn up options for renewed strikes on Iran after the 3 November midterms, and another carrier group is moving into the region. Brent touched $117.45 on Friday, its highest since April. Indian OMCs, the rupee and FII flows take the first hit risk when trading opens Monday.
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India imports over 85% of its crude. A sustained rise in Brent widens the import bill and current account gap, lifts fuel inflation and narrows RBI room to ease. Houthi strikes on Saudi Aramco sites add supply risk. The US Fed decision on Wednesday is a second trigger for the rupee and FII flows.