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Rupee closes flat at 94.52 vs USD as oil-led rally faces off against dollar demand; Fed verdict looms Milma Receives Spice Coast Excellence Award, Reports ₹4,344 Crore Turnover Hunter Group Initiates Arbitration Over $28.2M VLCC Charter Payment Dispute Easterly Exits Debut Tanker Fund with 52% Premium, Shifts Focus to Dry Bulk Carriers Ardmore Shipping Exercises Options for Two More Product Tankers at Wuhu Shipyard Frontloading Fuels Early Peak Surge at Port of Los Angeles with 17% May Volume Jump India's strategic oil reserves cover only 9-10 days of crude imports, says CEEW report Indian Trading Apps Groww, Zerodha, Angel One, Upstox Get GIFT City Licences for US Stock Investing Norway backs new generation of hydrogen-fuelled bulkers with $36m Enova grant India's MFI Portfolio Contracts 17% in FY24 but Shows Stabilization Signs in Q4 Rupee closes flat at 94.52 vs USD as oil-led rally faces off against dollar demand; Fed verdict looms Milma Receives Spice Coast Excellence Award, Reports ₹4,344 Crore Turnover Hunter Group Initiates Arbitration Over $28.2M VLCC Charter Payment Dispute Easterly Exits Debut Tanker Fund with 52% Premium, Shifts Focus to Dry Bulk Carriers Ardmore Shipping Exercises Options for Two More Product Tankers at Wuhu Shipyard Frontloading Fuels Early Peak Surge at Port of Los Angeles with 17% May Volume Jump India's strategic oil reserves cover only 9-10 days of crude imports, says CEEW report Indian Trading Apps Groww, Zerodha, Angel One, Upstox Get GIFT City Licences for US Stock Investing Norway backs new generation of hydrogen-fuelled bulkers with $36m Enova grant India's MFI Portfolio Contracts 17% in FY24 but Shows Stabilization Signs in Q4
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US-Iran Peace Deal Could Push Brent Below $80 per Barrel, Boosting India's Crude Oil Supplies Commodities
Energy & Petrochemicals #us-iran#peace deal

US-Iran Peace Deal Could Push Brent Below $80 per Barrel, Boosting India's Crude Oil Supplies

A potential US-Iran peace deal, including the reopening of the Strait of Hormuz, could push Brent crude below $80 per barrel within two to three weeks, according to Indian refinery executives. The Gulf region supplied 40% of India's crude imports before the conflict, and resumed flows would ease supply constraints and lower freight costs. Additional OPEC+ output and the return of Iranian crude are also expected to pressure prices lower.

Jun 16, 2026 1 source