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Brent slips on US-Iran deal, situation may ease for India

NEW DELHI: Falling global energy prices after a preliminary US-Iran agreement to end hostilities and reopen the Strait of Hormuz may bring relief to Indian refiners and gas consumers. Refiners have been selling petrol, diesel and domestic LPG below market rates, while users have faced sharp increases in gas prices, including CNG.

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Brent slips on US-Iran deal, situation may ease for India

US-Iran agreement reduces Brent crude to $83/barrel, easing pressure on Indian refiners who import 88% of crude demand. Moderating LNG spot prices relieve cost pressure on petrol, diesel, and CNG, narrowing the inflation impact on energy-dependent operations.

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Timeline cronologica

lunedì 15 giugno 2026·economictimes.indiatimes.com
Strait of Hormuz reopening to ease oil supply risks for India as US-Iran reach truce deal
A "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil imports. This normalization is expected…
lunedì 15 giugno 2026·economictimes.indiatimes.com
Fragile Iran deal offers oil relief, but Hormuz risks remain
A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible.…

Brent slips on US-Iran deal, situation may ease for India

Confronto fonti

Brent slips on US-Iran deal, situation may ease for India

Timeline cronologica

Strait of Hormuz reopening to ease oil supply risks for India as US-Iran reach truce deal

Fragile Iran deal offers oil relief, but Hormuz risks remain

As US-Iran deal announcement paves way for Hormuz reopening, what lies ahead for India & oil markets

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Brent slips on US-Iran deal, situation may ease for India

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Falling Oil Prices Could Ease Pressure on India’s Trade Deficit | OilPrice.com