MONEY
The US-Iran war may be ending. What does it mean for you?
After 109 days of war, US and Iran have signed a memorandum of understanding for a peace deal.
If the final peace deal is signed (there's a 60-day deadline), it could reopen the Strait of Hormuz.
And that could mean the rising inflation in our kitchens and vehicles could ease.
What to watch out for
- •Fuel prices: Frequent price hikes may stop, but it is unclear if prices will be cut.
- •LPG prices: Given India imports close to 90% LPG through Hormuz, more supply can end scarcity and prevent future price hikes. It is unclear if prices will be cut.
- •Stronger Rupee: If the ₹ strengthens, foreign software, overseas education and foreign travel gets cheaper for Indians.
- •Inflation may ease: A stronger ₹ and lower import bills could ease inflation across goods, especially those that were impacted by import curbs for raw materials. However, companies rarely bring prices down.
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