Crude oil sinks to three-month low, India eyes relief from soaring fuel costs as Trump says Iran deal near

The recent decline in crude oil prices to a three-month low has brought relief to India, which has been grappling with soaring fuel costs. A US breakthrough with Iran could cut India's oil bill, reduce inflation, and boost growth. The potential deal, hinted at by US President Trump, could significantly alleviate India's financial burden from rising fuel costs. If successful, the agreement could lead to increased oil supplies from Iran, thereby reducing India's reliance on expensive imports and providing a much-needed respite to its economy.