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Oil prices dropped Friday after Israel announced it would stop targeting Iran’s energy infrastructure. This followed a U.S. presidential statement. Brent and WTI crude futures saw declines. Despite this, Brent was set for a weekly gain due to supply disruptions. Experts predict prices could rise significantly if the conflict escalates.
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HDFC Bank’s ADRs continued to fall following a sharp 5% drop in its stock, triggered by the former chairman’s resignation over ethical concerns. Despite management’s reassurances and the appointment of an interim chairman, investor nerves remain unsettled.
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