Oil Extends Slide Below $73 as Indian Shares Open Higher

Crude oil prices continued their sharp decline on June 25, with Brent falling nearly 2% below $73 a barrel after the U.S.-Iran truce and reopening of the Strait of Hormuz eased supply concerns. The slide began on June 23 when WTI plunged 4.4% to around $70 and Brent dropped 4% below $75, deepening further on June 24 with additional 4% losses. Lower oil prices are supporting Indian equities, with Sensex up 1% and Nifty gaining 0.8% at the open, while the rupee strengthened 11 paise to 94.65 per dollar. Broader U.S. markets showed mixed moves amid tech and AI sector weakness.