The US-Iran standoff remains one of the biggest risks facing global markets. The memorandum between Washington and Tehran is facing expiry, while both sides continue to accuse each other of violating the earlier understanding. The uncertainty has kept attention firmly on the Strait of Hormuz and regional shipping.
The situation is important for India because a prolonged disruption around the Strait could affect energy supplies, freight costs and the country’s import bill. Any deterioration in negotiations could therefore have consequences for inflation, the rupee and corporate margins.
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