Global crude oil prices fell to six-week lows after reports of a possible extension of the Iran-US ceasefire and prospects of reopening the Strait of Hormuz. India said refineries have adequate crude stocks and fuel supplies remain stable despite regional uncertainties
Israeli airstrikes devastated central Beirut on Wednesday, hitting residential and commercial areas just hours after a ceasefire was announced in the US-Israeli conflict with Iran. Lebanon’s health ministry reported at least 89 dead and 700 wounded. President Donald Trump said Lebanon was excluded from the deal due to Hezbollah’s involvement.
Iran’s representative in India Abdul Majid Hakeem Ilahi claimed the US was forced to announce a ceasefire due to its inability to sustain the conflict. He said peace depends on Iran’s terms and denied nuclear weapons ambitions
