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The Economic Times

Economy / The Economic Times

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Strait path laid for crude prices to travel downward

Indian refinery executives anticipate oil prices falling below $80 per barrel within weeks if a US-Iran agreement is signed Friday, reopening the Strait of Hormuz. This deal would end hostilities, lift the US naval blockade, and allow for the swift return of Iranian crude to global markets.

16 Jun 2026 12:19 am