The conflict involving the US and Iran continues to influence global markets after Tehran outlined new conditions linked to the reopening of the Strait of Hormuz. Iran has said that passage through the strategic waterway could involve service fees and has demanded changes in US policy as part of any arrangement.
The uncertainty is particularly important for energy-importing economies such as India. Any prolonged restrictions on shipping could raise crude prices, freight costs and inflationary pressure. At the same time, progress towards a diplomatic settlement could ease energy-market concerns and improve global risk appetite.
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