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US-Iran Deal Could Bring Down Global Oil Prices — Here's the Timeline
MarketWatch·Tuesday, 16 June 2026
A US deal to end the Iran war has raised hopes of lower fuel prices, with average US retail gasoline sitting just above $4 per gallon as of Monday. The article explores when prices might actually fall if the deal holds.
Why It Matters
India imports a large share of its oil, so any sustained drop in global crude prices could lower fuel costs and ease inflation for Indian households and businesses.
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