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US and Iran Agree to Roadmap for Final Nuclear Deal โ€” Brace for Oil Price Swings

NPR Topics: NewsยทTuesday, 23 June 2026
US and Iran Agree to Roadmap for Final Nuclear Deal โ€” Brace for Oil Price Swings

The United States and Iran have agreed to a roadmap to reach a final deal within 60 days, according to reports. The development comes as Vice President JD Vance leads the US side of negotiations. Any deal that eases sanctions on Iran could significantly shift global oil supply.

Why It Matters

India is one of the largest importers of oil in the world, and a shift in Iranian oil supply could directly affect fuel prices and India's import bill.

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