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diplomacyJun 16, 2026
US-Iran peace deal: What opening of Strait of Hormuz would mean for India’s crude oil supplies
Summary
US-Iran peace deal signing and the full opening of the Strait of Hormuz, if it goes through, will bode well for availability of crude oil supplies globally.
Actors involved
USIranRussia
Sources
- TOI Business DeskBy TOI Business Desk
US-Iran peace deal signing and the full opening of the Strait of Hormuz, if it goes through, will bode well for availability of crude oil supplies globally. Crude oil supplies could return to normal and benchmark prices may slip below $80 a barrel within the next two to three wee…
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