Oil prices plunged 4% after US Treasury Secretary Scott Bessent signaled a Hormuz Strait deal could come as early as Tuesday or Wednesday, a major shift from last week's military escalation.
Iran denied direct negotiations, but Qatar signaled progress toward a short-term agreement, sending Brent crude sliding to $83 per barrel from recent highs near $90.
The move is a massive relief for India, the world's third-largest oil importer, where every...
