Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Oil prices tumble below $70 after Israel-Iran ceasefire
The New Indian Express Sambalpur
|June 25, 2025
OIL prices dropped below $70 a barrel following US President Donald Trump's announcement of a ceasefire agreement between Israel and Iran.
Global oil benchmark Brent Crude—which had surged more than 13% after the escalation between the two countries—was trading at $67.89 a barrel, while WTI (West Texas Intermediate) was at $65.05 a barrel as of 8:18 IST.
The 12-day-long conflict appeared to come to an end after Trump declared the ceasefire on Truth Social, describing it as "complete and total." He stated that Iran would begin the ceasefire, followed by Israel twelve hours later, with a formal end to the conflict marked after 24 hours. "During each ceasefire phase, the other side will remain peaceful and respectful," he added.
However, Iran denied that any agreement had been reached, though it indicated a pause in military operations.
This story is from the June 25, 2025 edition of The New Indian Express Sambalpur.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Sambalpur
The New Indian Express Sambalpur
Starstruck by History
Theatre director Mohammad Ali Baig makes his film debut with Chand Tara, a love letter to art, music, and the Deccan
1 mins
May 24, 2026
The New Indian Express Sambalpur
Assam officer held, ₹1.66 cr in cash recovered
AN Assam Civil Service (ACS) officer has been arrested on graft charges, a police officer said on Saturday.
1 min
May 24, 2026
The New Indian Express Sambalpur
... SC to hear Twisha death case on Monday
THE Supreme Court on Saturday took suo motu cognisance of the alleged dowry death of 33-year-old Noida woman and former Miss Pune winner Twisha Sharma, as it has decided to hear the case on Monday.
1 min
May 24, 2026
The New Indian Express Sambalpur
THE POLITICS OF AN ECONOMIC IMPASSE
UPON his stunning victory 12 years ago, Narendra Modi addressed a gathering of party faithful and appealed to them that they give him “10 years to transform” the country.
4 mins
May 24, 2026
The New Indian Express Sambalpur
Surya Kiran team clocks 30 years, 800 displays
AIR Chief Marshal A P Singh is likely to fly with the Surya Kiran Aerobatic Team (SKAT) on Tuesday as the Indian Air Force’s premier display squadron marks three decades since it was raised at Air Force Station Bidar, Karnataka in 1996.
1 mins
May 24, 2026
The New Indian Express Sambalpur
Too Much of a Good Thing
This compulsive obsession with eating only healthy foods, is emerging as a serious mental health concern in urban India
3 mins
May 24, 2026
The New Indian Express Sambalpur
Time to Dismantle the Architecture of Official Privilege
Age is just a number: Recently, a 68-year-old man was arrested for impersonating a government officer while driving an SUV fitted with a beacon light.
3 mins
May 24, 2026
The New Indian Express Sambalpur
Bureaucrats linked to builder under ED scanner
BIG fish in the Punjab bureaucracy and political circles may face heat soon in a change of land use (CLU) case.
2 mins
May 24, 2026
The New Indian Express Sambalpur
West Asia crisis a boon for domestic tourist destinations
AS geopolitical tensions in West Asia continue to disrupt international travel plans and given the depreciation in rupee value, Indian travellers are increasingly choosing holiday destinations within the country, triggering a rise in domestic tourism demand.
1 mins
May 24, 2026
The New Indian Express Sambalpur
VIP Industries’ revival plan meets market reality
Company continues to report weak performance in Q4FY26 as its losses widen to ₹128.80 cr from ₹32.63 cr in Q4FY25 due to high provisions and falling sales
5 mins
May 24, 2026
Listen
Translate
Change font size