16
Jun
The emerging peace agreement between the United States and Iran is expected to provide significant economic relief to India by reducing its oil import bill and easing pressure on inflation. As one of the world’s largest crude oil importers, India has been heavily affected by fluctuations in global energy prices during the recent conflict in West Asia. With the proposed deal paving the way for the reopening of the Strait of Hormuz, a crucial route for global oil shipments, analysts believe crude supplies could stabilize and prices may decline further in the coming weeks. The announcement has already had a…
