📈 Stocks & Economy🇮🇳 India
US-Iran Ceasefire Halts Strikes — But India's Oil Bill Is Still Sweating
Yahoo! Finance·Sunday, 28 June 2026
The US and Iran traded airstrikes in the Persian Gulf, rattling global oil markets and pushing prices higher. The two sides have now reportedly agreed to halt attacks. Stock futures climbed on the news, but the Strait of Hormuz — a critical shipping lane — had been effectively shut, spooking markets.
Why It Matters
India imports a large share of its oil through the Persian Gulf. Any disruption to the Strait of Hormuz directly hits India's energy costs and inflation.
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