On Monday, US crude prices fell 2.7% to about $74 per barrel following a significant announcement by Treasury Secretary Scott Bessent regarding a 60-day waiver of sanctions on the purchase of Iranian oil. This marks the first time crude prices have plunged below $75 since March.

It has been observed that International Brent crude prices fell 4% to about $77 per barrel since the geopolitical tensions began. It has........

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