Energy markets surge as Brent crude breaches $100 per barrel following tanker attacks in Iraqi waters near the Strait of Hormuz. The geopolitical tensions have sparked widespread concern about potential supply disruptions across the Persian Gulf, a critical global energy corridor. India reports 28 flagged vessels operating in the region with safety being closely monitored. Meanwhile, domestic LPG shortages have emerged across Indian states, prompting government intervention. Prime Minister Modi assured the public that measures are underway to secure additional supplies. The International Energy Agency released 400 million barrels from strategic reserves to stabilize markets, yet prices remain elevated. Analysts warn Brent could potentially reach $130 per barrel if the Hormuz route remains disrupted.
