Iran President PEZESHKIAN Rejects Enemy's Excessive Demands, Demands Full Realization Of Iranian Rights

Sitharaman Urges Focus On Fuel, Fertiliser, Forex; Cites MODI Call To Save FX During Gulf Crisis; India Hikes Petrol, Diesel Prices—4th Since May; Fuel Excise Cut To Reduce FY2027 Revenue By INR 1 Trln

Oil prices declined in early Asian trading amid prospects for the reopening of the Strait of Hormuz, a key shipping route that typically handles about one-fifth of global oil flows. The Wall Street Journal reported, citing a US official, that there is an agreement in principle under which Iran would reopen the waterway. President Donald Trump said Sunday he was in no hurry to finalize an end-of-war agreement with Iran.