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Global Business News

The Economic Times

Global Business / The Economic Times

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Fragile Iran deal offers oil relief, but Hormuz risks remain

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible. Tanker traffic may not fully return to pre-war levels soon. This situation will likely keep oil prices higher. Logistics will take time to normalize, impacting immediate relief for energy markets.

15 Jun 2026 8:41 am