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US-Iran ceasefire

Crude oil prices have fallen sharply following the US-Iran ceasefire, with Brent crude dropping below $80 per barrel.

Global crude oil prices declined after reports of a proposed US-Iran ceasefire extension raised hopes of uninterrupted shipping through the Strait of Hormuz.

Gold and silver prices declined as hopes of an extended US-Iran ceasefire reduced safe-haven demand, while investors tracked fresh diplomatic developments.

Sensex and Nifty traded higher in early trade, led by IT stocks. Investors tracked US-Iran ceasefire developments and falling crude oil prices.