Oil Price Fall: A post of Trump and market rocked: oil cheaper, stock market boom

News India Live, Digital Desk: Oil Price Fall: A news and stir in markets around the world! A social media post by former US President Donald Trump brought a huge decline in crude oil prices, raging a wave of happiness in the stock markets.

What was Trump’s claim?

Donald Trump claimed on his social media platform ‘Truth Social’ that there has been a ceasefire between Israel and Iran. Although there was no official confirmation of this news, but only this claim changed the mood of the market.

Due to tension in the Middle East, the prices of crude oil were continuously increasing, as investors feared that the fight would affect the supply of oil. But as soon as Trump talked about peace, this fear decreased and crude oil prices immediately fell. Brent crude oil became cheaper by about $ 2 per barrel.

What is the effect on India and you?

You must be wondering what we have to do with Israel-Iran’s fight? But this directly affects our pocket. Let’s understand how:

1. Oil Games: India buys most of its needs of crude oil from outside. When the oil is cheaper, India’s expenses decrease, which is good for the country’s economy.

2. Reinnces on inflation: Cheap crude oil means cheap petrol-diesel. When the cost of transport is low, vegetables, fruits and other goods also become cheap, which reduces inflation.

3. Stock market boom: When inflation is less and the country’s money is saved, then companies earn more profits. This makes investors happy and invest money in the stock market, which increases the market.

Even though Trump’s claim is true or not, it has become clear from this incident that even a small hope of peace in the Middle East can bring a big relief for markets around the world and our economy.

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