Market move● Neutral for Indian equities
Govt likely to sign BIT with Saudi Arabia
The brief
- India plans to sign a bilateral investment treaty with Saudi Arabia, enabling quicker investor arbitration
- Saudi Aramco maps new routes as oil flows face Strait of Hormuz risks
- Saudi Aramco cuts November oil price to Asia to a six-year low
- Brent climbs to $103 after Houthi attacks on Saudi energy facilities
- Saudi-backed Yemeni forces launch operation to retake Houthi-held territory
- Houthis claim strike on Saudi Aramco facility as Yemen fighting intensifies