Crude Oil Prices Fall

The global crude oil market has witnessed a decline in prices for the third day in a row. This downward trend is attributed to the easing of tensions in the Hormuz region, which has raised hopes of a resolution to the ongoing crisis. As a result, crude oil prices have fallen, but fuel prices in India have remained steady. The impact of this decline on the Indian economy is being closely watched. The fall in crude oil prices is expected to have a positive impact on the country's trade deficit.