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Iran Oil Peace Plan Sinks Prices

Financial Times Companies •
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Oil prices fell sharply after Iranian state television broadcast details of a peace proposal, signaling potential market relief. The development comes as mass drone production has turned the war effort around for Ukraine, creating significant tactical advantages despite battlefield challenges.

Russian banks now prepare defenses against Ukrainian drones as the conflict evolves. Meanwhile, the European Central Bank warns that US President Donald Trump risks triggering a financial crisis with potential Iran hostilities, adding geopolitical uncertainty to volatile markets.

Artificial intelligence disrupts the consulting sector, enabling smaller firms to challenge Big Four market dominance. The technology shifts competitive dynamics in an industry traditionally controlled by legacy players, forcing established consultancies to adapt to new competitive pressures.