New Delhi, April 8 -- It is not just the stock markets that are crashing after US President Donald Trump imposed massive tariffs and ignited a trade war. Crude oil, too, has fallen to a multi-year low. What is the future like for oil and its impact on economies like India?

How have oil prices moved?

Last week, oil prices fell sharply after US president Donald Trump announced his reciprocal tariffs and China retaliated with its own tariff hikes. The benchmark Brent Crude fell 11% to close at $64.62 per barrel on Friday. The decline continued on Monday, and the commodity was seen trading at lower than $63 levels-a four-year low. On 1 April, it was trading at the $69-level. The recent sharp fall was preceded by a year of gradual decline in...