By Admin 
Crude Oil Price Fall Today: Despite the ongoing tension between Iran and Israel, a sharp decline of about 6 percent was seen in the prices of crude oil on the morning of Wednesday, March 25. Which has attracted the attention of the market. At the same time, the stock market also continues to rise.
Usually, in such circumstances, oil is expensive, but this time the situation seems to be changing. The fall in oil prices is being linked to US President Trump’s statement. Now the question is arising whether this is the beginning of improvement in the situation? Let us know about this…
Oil prices fell on expectations of talks
A major reason behind the fall in oil prices is believed to be the news of possible talks between America and Iran. According to the information, America is intensifying diplomatic efforts to reduce this tension. The possibility of a month-long ceasefire is also being expressed. Due to which the market has taken a sigh of relief.
The effect of this positive signal was visible on the oil market. The result was that American crude oil (WTI) fell below $ 88 per barrel. Whereas the price of Brent crude has also slipped to below $95 per barrel.
Israel’s stance is important
While on one hand there are expectations of talks, on the other hand Israel has not shown any softness in its tough stance. Indications are that his military campaign will continue for now. Israel does not have full confidence about a possible ceasefire.
According to reports, Israel feels that Iran will not easily accept such an agreement. In such a situation, making any concrete statement regarding uncertainty seems to be a difficult task.
fear of rising inflation
The impact of the uncertainty created in the Middle East can be seen on the economy of the entire world. Experts who have understanding of the subject believe that if this war continues for a long time, the risk of inflation may increase.
Also, due to the closure of the Strait of Hormuz, there is a possibility of a deep impact on energy needs. Especially on countries like India which are largely dependent on imports for their energy needs. Due to reduced supply of oil and gas, even the kitchen budget of homes and businesses may get affected.
Also read: Dividend Alert: Dividend of Rs 12 will be available on every share… this company announced, investors were happy