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The ongoing Hamas-Israel conflict has disrupted India s efforts to gain from a recent fall in crude oil prices. Since Hamas invasion of southern Israel on October 7, petroleum has become costlier by around $5 per barrel, threatening to stoke prices and impact growth. Brent crude was trading at $89.8 per barrel on October 9 (9.15 pm IST), up over 4 per cent, thwarting India s anticipation of a period of declining oil prices - after the leading global petroleum benchmark declined by around 11 per cent last week.

Saudi arabiaNew delhiIsrael generalPrabhudas lilladherBenjamin netanyahuSourav mitraParas palLok sabhaNarendra tanejaIndia ratings researchGiven the assemblyHardeep singh puriWest asiaIndia ratingsPrime minister benjamin netanyahuBusiness news