US-Iran ceasefire signals relief for global trade. The announcement of a two-week military suspension and reopening of the Strait of Hormuz is expected to ease shipping disruptions that have plagued exporters. High freight rates and insurance costs have pressured margins, but the temporary truce offers short-term normalization. Indian exporters, particularly in gems, jewellery, rice, and pharma sectors with USD 57 billion in Gulf exports, face cautious optimism. The closure of Hormuz disrupted one-fifth of global oil and gas supplies, pushing crude prices higher and air freight rates to record levels. While immediate relief appears likely, sustained stability remains critical for restoring full trade confidence and smooth logistics flows.
