India & Rafael Grossi

India: India, as one of the world's largest crude importers, stands to benefit significantly from the reopening of the Strait of Hormuz and the stabilization of oil prices. Lower freight costs and reduced inflationary pressures are expected to boost its economy, stabilize the rupee, and improve its fiscal outlook.

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.

India: India's minister overseeing ports and shipping reported that three Indian sailors were killed when American forces struck the Palau-flagged M/T Settebello. India formally protested the strike, highlighting the broader impact of the conflict on international shipping and personnel.

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.