Oil prices dipped Tuesday as President Trump announced a pause on planned attacks against Iran, opening doors for potential talks. This development comes amid ongoing Middle East tensions that have disrupted the crucial Strait of Hormuz, impacting global supply. Consequently, fuel prices in India saw another hike, with petrol and diesel rates increasing significantly. Oil prices dipped Tuesday as President Trump announced a pause on planned attacks against Iran, opening doors for potential talks. This development comes amid ongoing Middle East tensions that have disrupted the crucial Strait of Hormuz, impacting global supply. Consequently, fuel prices in India saw another hike, with petrol and diesel rates increasing significantly.
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Oil prices slip: Crude prices fall over 2% after Trump calls for diplomacy with Iran
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