Crude oil and liquefied natural gas (LNG) prices are expected to moderate following signs of a potential US-Iran peace agreement and the reopening of the Strait of Hormuz.

How this affects you

The anticipated moderation in oil and LNG prices offers relief to India's fuel sector, potentially containing inflation and reducing the nation's energy import bill, though full market recovery to pre-war levels is not expected for six months to a year due to persistent supply disruptions and damaged infrastructure.