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As per media sources, US and Iran have reached a peace deal which includes the immediate opening of the Strait of Hormuz

ICICIdirect Research 15 Jun 2026 DISCLAIMER

News: As per media sources, US and Iran have reached a peace deal which includes the immediate opening of the Strait of Hormuz.  

View: The reopening of the Strait of Hormuz is positive for global trade and could help ease supply-chain disruptions across industries. Non-ferrous metal prices had witnessed a sharp run-up following recent geopolitical tensions, and we expect some moderation in prices as supply concerns ease. This development is sentimentally negative for non-ferrous metal companies, as the sector has delivered strong gains in recent months, supported partly by higher commodity prices. While neither we nor the broader Street had incorporated overly bullish metal-price assumptions into our valuation models, any correction in LME non-ferrous metal prices could exert near-term pressure on earnings expectations and stock prices of sector players.

Impact: Negative

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