S&P Global Ratings suggests reopening the Strait of Hormuz eases immediate risks for Asia Pacific, but expects uneven and costly supply normalisation. While a US-Iran MoU is constructive, unresolved issues persist. Delays in pre-conflict flows could keep energy and input costs elevated, impacting sectors like petrochemicals and agriculture, with South Asia particularly vulnerable to fertilizer shortages and price hikes.

India expressed cautious optimism regarding the US-Iran understanding and the reopening of the Strait of Hormuz, according to National Security Adviser Ajit Doval. He highlighted…

Energy experts estimate output to rebound within weeks, but it may take months to rebuild shipping confidence and repair damaged energy assets.