Crude tumbles from $113 to $83, but relief for India will have to wait (opens original article in a new tab)

Brent crude fell to $83 amid US-Iran peace deal reports, but India's economic relief from lower oil prices may be delayed due to sticky inflation and existing cost increases.

• Brent crude fell 12% in five days to $83 from $94 due to US-Iran peace deal reports.
• India's inflation remains sticky as higher fuel costs have already affected the economy.
• Commodity sectors account for 40% of FY27 earnings, complicating crude price relief.