India resumes oil imports from the Middle East as Hormuz reopens. WTI crude at $70 in June priced at 42% YES.

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…

A reopening of the Strait of Hormuz and lower oil prices following the U.S.-Iran agreement could significantly reduce India’s energy import costs and improve its trade balance.

Indian refiners are prioritizing alternative crude sources over West Asia despite the reopening of the Strait of Hormuz.

The reopening of the Strait of Hormuz offers relief to exporters amid ongoing shipping risks and rising logistics costs.