Oil Prices Head for 12% Weekly Fall
Oil prices are on track for a 12 percent loss this week, even though fresh attacks on tankers were reported. In plain terms, crude is getting cheaper despite the troubles at sea.
पार्श्वभूमी
Context: Crude oil prices are set globally and affect petrol and diesel costs in India, since the country imports most of its oil. The Strait of Hormuz, a narrow sea route through which much of the world's oil passes, has been at the centre of recent tensions.
बर्निंग पोटॅटो स्कोअर: 60%