Iranian Ambassador says Indian ships can pass through the Strait of Hormuz without restrictions, ISNA reports
Context
The Iranian Ambassador's comments on Indian ships passing freely through the Strait of Hormuz may signal easing tensions in the region, which is pivotal for global oil trade. This development could alleviate concerns over shipping disruptions and may be interpreted positively by risk assets; however, the market will be watching for any retaliatory responses from other regional players.
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