The US-Iran conflict remains a major global-market concern after negotiations over the Strait of Hormuz ran into fresh difficulties. Iran has hardened its conditions for reopening the strategic waterway, while new attacks on commercial shipping have added to concerns about the safety of international trade routes.
The conflict is particularly important for energy-importing economies such as India. Prolonged disruption could raise shipping and insurance costs and put further pressure on crude prices, inflation and the rupee. Any breakthrough in negotiations, on the other hand, could provide relief to global markets.
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