Activation of deal boosts Indian oil security as US-Iran agreement takes effect

India's exports to West Asia surged in May 2026, aided by new transit routes through Oman's ports, bypassing the Strait of Hormuz.

Crude prices fall as markets price out West Asia conflict risk. Analysts say India could benefit through lower import bill, easing inflation and improved energy security.

This development is expected to significantly boost global trade, particularly for India, by easing logistics disruptions and costs for energy imports and engineering exports to…