Crude oil prices drop to pre-war levels
pre-market1 source ↓written by the desknot a recommendation
- have fallen
- $70 per barrel
- amid the US-Iran
- $120
- since mid-May
- ₹7.5 per litre
Global crude oil prices have fallen to $70 per barrel, down from $120 amid the US-Iran ceasefire and reopening of the Strait of Hormuz. This decline raises questions about potential petrol and diesel price cuts in India, where prices have increased by ₹7.5 per litre since mid-May. Experts suggest state-run companies may not reduce rates soon.
Not investment advice. For informational purposes only.