Crude Oil Prices Stabilize After Major Sell-off; Geopolitical Tensions Ease

• Crude oil prices stabilized after their biggest drop in six months, following a widespread commodity sell-off.
• West Texas Intermediate (WTI) traded near $62 per barrel, while Brent futures closed above $66.
• US President Donald Trump indicated potential nuclear deal talks with Iran, easing geopolitical threats.
• Commodities, including gold (down 10%) and copper (down 5%), faced heavy selling pressure.
• Trump proposed withdrawing tariffs on India if PM Modi stops importing Russian oil, impacting global supply.

Why It Matters: Crude oil prices stabilized due to easing Iran tensions and a broader commodity sell-off.