Oil-linked stocks in focus as crude prices drop amid easing Iran tensions.

📉 Global Crude Reversal: Market Brief Global crude oil prices have seen a **sharp 4% drop**. This significant reversal is primarily attributed to **easing geopolitical fears** globally. This price movement immediately refocuses market attention on key energy players in India: **ONGC**, **Oil India**, **Reliance**, **Indian Oil**, **BPCL**, and **HPCL**. The drop reshapes near-term performance expectations for both **upstream producers** and **refiners**. Market analysts are closely monitoring whether emerging **oversupply** conditions or a potential return of geopolitical **tensions** will be the dominant factor steering crude prices in the immediate future.