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Drone attack on Saudi oils could majorly affect India, global economies


Content Team

Since the drone attack on the world's largest crude-processing facility operated by Saudi Arabia's Aramco, which was claimed by Yemen's Houthi rebels, the attack has cut output by 5.7 million barrels a day with its ability to maintain oil exports now in question. Despite India's Oil Minister Dharmendra Pradhan stating that the supply won't be disrupted, the extended period of high oil prices will hurt India's economic growth.