Rupee breaches 96 as Trump's Iran escalation sends crude soaring

The Indian Rupee breached the 96 mark against the US Dollar on July 14, 2026, as crude oil prices soared. The currency opened 34 paise weaker at 95.96. Brent crude spiked to $85 a barrel amid US-Iran tensions. This rise in oil prices could hurt India’s economy and stoke inflation.