loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

US and Iran have reached a peace deal which includes immediate reopening of Strait of Hormuz

ICICIdirect Research 15 Jun 2026 DISCLAIMER

News: According to media sources, US and Iran have reached a peace deal which includes immediate reopening of Strait of Hormuz. This is expected to result in improved oil flows for India and sharp correction in brent crude prices. This is also positive for global trade flows and shall also result in easing supply chain and global shipping freight rates.

View: Falling crude price is a clear positive for India’s automobile and tyre sectors, where raw material and logistics costs are highly sensitive to crude derivatives. Tyre manufacturers such as, Apollo Tyres benefit as lower crude reduces costs of key crude-based inputs like rubber and carbon black, improving margins. For OEMs including Maruti Suzuki and Tata Motors, softer fuel prices can improve consumer sentiment, and decline in non-ferrous prices could potentially lower the under absorption of recently commodity led RM inflation. With Auto Sector lagging the recent recovery trend in the market (April onwards), we expect the sector to outperform going forward amidst strong retail demand momentum and fundamental levers of healthy volume growth.

Impact: Positive

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere