Oil Falls On Peace Deal Hopes Oil prices fell sharply on Friday, June 12, 2026 as renewed hopes for a peace agreement between Iran and the United States eased fears of prolonged disruption to global energy supplies. Brent crude dropped below $86 a barrel during trading before recovering part of its losses, while market attention remained focused on whether diplomatic progress could reduce risks around Middle

Modi’s G7 invitation highlights India’s rising global role Prime Minister Narendra Modi is set to attend the G7 Summit in Évian-les-Bains, France, from June 15 to 17, 2026, after being invited as a special guest by French President Emmanuel Macron. India is not a member of the G7, but its repeated presence at the forum shows how New Delhi has become increasingly important to discussions on global economics, security, supply chains and de