From Fuel To Food Prices: Why The US-Iran Peace Agreement Matters For India?

After 107 days of conflict, the United States and Iran have agreed on a framework to end hostilities, with a formal agreement expected to be signed on June 19. The deal includes the reopening of the Strait of Hormuz, a crucial energy corridor through which a significant share of India's crude oil, LNG and LPG imports pass. The announcement has already triggered a fall in global oil prices, strengthened the rupee and boosted Indian stock markets. Here's a detailed look at how the agreement could impact fuel prices, inflation, trade, energy security and the broader Indian economy.