India, June 22 -- Global oil markets turned volatile on June 22, 2026, as conflicting signals from the US-Iran nuclear and security negotiations pulled prices in opposite directions within the same trading session. WTI crude ended the day at $75.20 per barrel, down 2.76% on the day and sharply lower from intraday highs, while Brent crude for August delivery fell 1.7% to $78.90. For Indian markets, the directional move in crude was the most consequential macro development of the day a softer oil price directly relieves India's import bill, supports the rupee, and reduces inflationary pressures that the Reserve Bank of India has been carefully monitoring.

What Drove Oil Lower - And Why It Isn't Settled The session began on a bullish note. ...