India, April 10 -- Day before, global crude prices plummeted by more than $14 a barrel, or the largest fall since 2020. In the spot markets, the prices were up yesterday. The Indian Sensex, the Bombay Stock Exchange index, rejoiced the day before, as it catapulted by nearly 3,000 points. Yesterday, it was down by nearly 1,000 points. Rest assured, despite the so-called two-week ceasefire between Iran and the US, which some have dubbed as 'two-weak,' or 'messy,' things may get more difficult in the future. This is because the ceasefire is temporary, various participants are happily breaking it, and the different sides have their own variations of an agreement that has not been disclosed.

Confusion and chaos remain, and this is reflected i...