Petroleum & Rafael Grossi

Petroleum: Petroleum prices have been highly volatile due to the conflict and the closure of the Strait of Hormuz. The interim deal and the reopening of the Strait are expected to lead to a significant increase in oil supply, potentially causing a 'mini glut' in the short term and stabilizing prices, which is beneficial for importing nations like India.

Rafael Grossi: Rafael Grossi, the Director-General of the International — International Atomic Energy Agency, is expected to receive an invitation from Iran to inspect its nuclear sites, a key step in verifying Iran's commitments under the peace deal.

Petroleum: Petroleum prices have been significantly impacted by the closure of the Strait of Hormuz and the ongoing conflict. The peace deal and reopening of the strait are expected to stabilize and potentially lower oil prices.

Rafael Grossi: Rafael Grossi, head of the International — International Atomic Energy Agency, emphasized the need for 'very strong' verification of Iran's nuclear pledges.

Rafael Grossi: Rafael Grossi, IAEA chief, expressed hope for a diplomatic process regarding Iran's nuclear program and urged military restraint due to the presence of nuclear facilities.