Oil Prices Drop Below $90 After Trump Signals Iran War May End Soon

Global oil prices fell sharply to below $90 per barrel after Donald Trump, President of the United States, suggested that the ongoing conflict involving Israel and Iran could end soon.

Brent crude had earlier surged to around $119 per barrel, the highest level in over three years, due to fears that the conflict would disrupt global oil supplies. However, prices dropped quickly after Trump said the war was “very complete” and could be resolved in the near future.

The fall in oil prices also triggered a rebound in global stock markets, which had been under pressure due to concerns about rising energy costs and supply disruptions.

Sharad Pawar Among 27 Leaders Elected Unopposed to Rajya Sabha

Veteran politician Sharad Pawar is among 27 candidates elected unopposed to the Rajya Sabha, the upper house of India’s Parliament.

The unopposed elections were possible because the number of candidates matched the number of seats in several states. Pawar, a senior leader from Maharashtra, continues to play a prominent role in national politics through the parliamentary platform.

Other Stories in the Morning Headlines

• Political developments across states ahead of upcoming parliamentary and assembly sessions.

• Economic concerns linked to global energy prices and their potential impact on inflation.

• Updates from international conflicts influencing markets and diplomacy.