Crude Hits $106, Threatening Domestic Petrol Prices
Brent crude futures climbed two per cent to 106.80 dollars per barrel on Monday, 12 October, threatening to wipe out the federal government’s 30-day petrol price discount within days of its rollout. Escalating drone raids and naval clashes across the Middle East triggered fresh fears of supply bottlenecks through the Strait of Hormuz, pushing international…