business / news / / Times of India
US President Donald Trump announced a temporary two-week suspension of planned military strikes on Iran.
Iran seeks to formalise control over the Strait of Hormuz by charging variable transit fees.
KEY POINTS
- Iran may require ships to obtain permits or licences for passage through the Strait of Hormuz.
- Brent crude prices plunged 13.6% to $94.43 per barrel after the ceasefire announcement.
- Shipping activity in the Strait of Hormuz remains limited despite the ceasefire, pending security assurances.
- India's RBI projects 6.9% GDP growth, citing lower crude prices as stabilising inflation.
COMPANIES
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