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The United States and Iran have reached a peace deal to end a four-month war that disrupted global energy supplies, pushed oil prices above $100 per barrel, and brought West Asia to the brink of a wider regional conflict.

President Donald Trump announced the agreement on June 15, declaring it “complete” on Truth Social.

For India, which relies heavily on West Asia for crude oil, LPG and LNG supplies, the deal promises relief from high energy prices, pressure on the rupee, and inflation risks that intensified during the conflict.

The agreement provides for the immediate lifting of the US naval blockade against Iran and the reopening of the Strait of Hormuz, one of the world’s most important energy shipping routes.

The formal signing ceremony is scheduled for June 19 in Geneva, Switzerland.

According to Pakistani Prime Minister Shehbaz Sharif, who mediated the negotiations alongside Qatar, Saudi Arabia and Türkiye, the agreement mandates an immediate and permanent cessation of military operations across all fronts, including Lebanon.

Iranian officials have confirmed that a 14-point memorandum of........

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