According to a report by The Hindu, oil prices have dropped below the $90 mark. This decline comes as former U.S. President Donald Trump claimed that the ongoing conflict between Israel and Iran would conclude soon. Trump suggested that the war could be resolved in the near future, although Iran has stated that it will determine the timing of any resolution.

Political Developments

In other news, Sharad Pawar is among 27 candidates who have been elected unopposed to the Rajya Sabha, India's upper house of Parliament. This election reflects a significant political maneuvering within the country, as the Rajya Sabha plays a crucial role in legislative processes.

The situation in the Middle East remains tense, with ongoing discussions about the implications of the conflict. Trump’s remarks about the Israel-Iran war add another layer to the complex dynamics in the region. As the situation evolves, it will be important to monitor both the geopolitical and economic impacts, particularly concerning oil prices and international relations.