On May 6, fuel prices across major Indian cities, including Delhi, Mumbai, Chennai, Kolkata, Bengaluru, and Hyderabad, remained unchanged despite a significant rise in global oil prices due to ongoing conflicts in West Asia. The Indian rupee weakened by 39 paise, reaching a record low of 95.23 against the US dollar. Global oil prices have seen fluctuations, with Brent crude futures dropping by $1.52 to $108.35 per barrel amid expectations that supply constraints in the Middle East could ease. This follows remarks from U.S. President Donald Trump, who suggested a potential peace agreement with Iran. Additionally, Iranian Foreign Minister Seyyed Abbas Araghchi is set to visit China to discuss bilateral relations and regional developments, highlighting ongoing diplomatic engagements in the region.