Shares of crude-sensitive companies surged on Monday after global oil prices plunged following a framework agreement between the United States and Iran to end the months-long conflict in the Middle East.

How this affects you

The decline in crude oil prices, particularly Brent and WTI, lessens concerns about energy supply disruptions and inflation, benefiting airlines, oil marketing companies, and tyre manufacturers due to reduced operating and raw material costs. This also positively influences global equity markets, with investors anticipating eased inflationary pressures and potentially less restrictive monetary policies from central banks.