NEW DELHI: (Apr 8) The announcement of a ceasefire, between the US and Iran, along with the reopening of the Strait of Hormuz, will provide immediate relief to exporters by easing shipping disruptions, FIEO said on Wednesday.
US President Donald Trump announced a two-week suspension of military strikes against Iran.
Iran agreed to allow safe navigation through the Strait of Hormuz during the ceasefire, triggering sweeping market moves across oil, equities and currencies.
Source: PTI News
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