The months-long persistent closure of Strait of Hormuz has kept global energy markets on edge due to soaring energy and oil prices globally.

Now the relief is expected to come on this Friday, June 19 as a US-Iran peace deal will be signed with reopening of Strait of Hormuz and complete lifting of US naval blockade of Iranian ports.

In the midst of a paradigm shift, the International Energy Agency (IEA) has issued oil outlook in its monthly report on Wednesday. This peace........

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