[MARKET UPDATE] Crude falls in excess of USD 1/bbl over ten minutes to the benefit of Fixed Income and Equities; no specific driver, potentially among Aragchi comments "do not seek war"

The sharp decline in crude oil prices over a brief period reflects a market reaction likely spurred by Aragchi's comments indicating a preference for diplomacy rather than conflict. This drop is benefiting fixed income and equities, suggesting that investors might be viewing the lower oil prices as easing inflationary pressures, which could support a more favorable outlook for growth and risk assets.