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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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lunedì 15 giugno 2026·straitstimes.com
Oil prices fall on US-Iran peace deal
Oil prices dropped significantly after the US and Iran announced a peace deal to reopen the vital Strait of Hormuz shipping lane. Read more at straitstimes.com. Read more at…
lunedì 15 giugno 2026·economictimes.indiatimes.com
Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz
Oil prices dropped significantly as President Trump and Iran's deputy foreign minister announced an initial deal to end the war and reopen the Strait of Hormuz. The agreement,…

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

Oil prices fall on US-Iran peace deal

Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz

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

Oil prices fall on US-Iran peace deal

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