West Texas Intermediate & Narendra Modi

West Texas Intermediate: West Texas Intermediate futures climbed due to supply anxieties, with prices potentially reaching well above pre-war levels.

Narendra Modi: Narendra Modi, as the Prime Minister of India, is actively addressing the challenges posed by the West Asia conflict, urging citizens to remain vigilant and engaging in diplomatic efforts with world leaders to de-escalate tensions.

West Texas Intermediate: West Texas Intermediate (WTI) crude prices have risen, mirroring the global trend in oil prices due to the Iran war.

Narendra Modi: Indian Prime Minister Narendra Modi visited the United Arab Emirates to discuss long-term supply agreements and expand strategic storage, underscoring India's urgency in securing energy supplies.

West Texas Intermediate: West Texas Intermediate crude prices fell significantly after the US and Iran signed an interim agreement, signaling increased oil supply and easing concerns about the Strait of Hormuz closure.

Narendra Modi: Narendra Modi, the Prime Minister of India, met with Donald Trump at the G7 summit, where he alluded to the incident involving Indian sailors in the Gulf of Oman and emphasized the importance of their safety during the implementation of the US-Iran agreement.