Red Sea crisis: Global Trade Research Initiative (GTRI), a thinktank, has said that India must prepare for long-term shipping disruptions at the Bab-el-Mandeb Strait, which is crucial for India s crude oil and LNG imports.
The US launched Operation Prosperity Guardian after continuous attacks on the Red Sea from Houthis. The coalition aims to fight off Houthi attacks and ensure the Red Sea stays a viable trade route for countries. , World News, Times Now
Brent crude was up 49 cents, or 0.6%, to $77.53 a barrel at 1432 GMT. U.S. West Texas Intermediate crude was up 36 cents, or 0.5%, at $72.01, after both benchmarks gained around $2 in earlier trading.