US-Iran peace agreement: How will opening the Strait of Hormuz affect India’s crude oil supply? & more related News Here
Reopening the waterway will allow oil tankers stuck in the Persian Gulf to resume deliveries to consumer markets. (AI image) The signing of the US-Iran peace deal and full opening of the Strait of Hormuz, if successful, would bode well for the availability of crude oil supplies globally. According to executives of Indian refining companies,…