Brent Crude Tops $100 on Red Sea Supply Fears, Indian Markets Set to Fall

Brent crude oil prices have climbed to a two-month high, breaching the $100 per barrel mark amid growing concerns over supply disruptions. Ongoing attacks in the Red Sea region have stoked fears about the stability of global oil supply chains. The surge in crude prices is expected to weigh heavily on Indian equity markets, with both Sensex and Nifty likely to open lower. Rising oil prices typically increase import costs for India, which is heavily dependent on crude imports, putting pressure on domestic markets.