Crude oil prices drop 7% amid US-Iran tensions easing
after close1 source ↓written by the desknot a recommendation
- to settle
- 7.6%
Crude oil prices fell 7.6% to settle at ₹7,959 as easing US-Iran tensions reduced supply disruption fears. The pause in military strikes over the weekend raised hopes for diplomatic resolutions and a potential reopening of the Strait of Hormuz. Despite ongoing attacks on Saudi energy infrastructure, traders are optimistic about stable crude exports.
Not investment advice. For informational purposes only.