India, June 9 -- Global energy and currency markets witnessed a significant shift in sentiment on Tuesday, June 9, 2026, as diplomatic signals from the Middle East began to cool one of the most acute geopolitical crises in recent memory. WTI crude oil, which had surged dramatically from around $65 per barrel in late 2025 to a peak exceeding $113 per barrel in March 2026 a rally of over 73% in under four months pulled back sharply, trading at $89.84 per barrel, down 1.61% on the day. Brent crude followed a similar trajectory, declining 1.24% to $93.16 per barrel.

The retreat comes after Iran and Israel agreed to halt direct attacks against each other following a weekend of exchanges that had threatened to unravel a fragile ceasefire and s...