In today's episode of The Daily Brief, we cover two major stories shaping the Indian economy and global markets:

00:04 Intro
00:37 The trade breaking the rupee
10:52 India builds castles of glass
20:32 Tidbits

A month-long closure of the Strait of Hormuz, a critical route for ~20% of global oil, has severely disrupted supply, triggering fuel shortages and panic across Asia, with India already facing an LPG crunch. While a ceasefire offers relief, the deeper issue is systemic dependence on a single chokepoint. To unpack this, we spoke with Rory Johnston, an oil market expert known for his typically bearish, adaptive view. Despite past shocks, he sees this disruption as fundamentally different and far more concerning.

You can watch this episode on YouTube, or listen to it on Spotify or Apple Podcasts, or read the transcript on Substack.

We also send out a crisp and short daily newsletter for The Daily Brief. Put your email here and we'll make you smart every day: https://thedailybriefing.substack.com/

Note: This content is for informational purposes only. None of the stocks, brands, or products mentioned are recommendations or endorsements.

The trade breaking the RBI's rupee defence