INDIA PERSPECTIVE

New Delhi reads the announcement first through its markets and energy supplies, for which the reopening of Hormuz is decisive news. The Indian financial press measures the immediate effect: Brent fell 3.7% to $87.04, WTI 3.55% to $84.60, both at their lowest since April 17, 'the market thinks we're closer to the deal,' per analyst Phil Flynn. The dollar, for its part, is heading for a weekly loss amid the negotiations. For a country that imports most of its oil, much of it transiting the strait, the stake is concrete and quantifiable. But Indian coverage stays clear-eyed on the text's scope: though 'pitched as a major diplomatic victory,' the proposed deal would establish only a 60-day ceasefire followed by a new round of negotiations, and Washington says it is '80-85%' confident while acknowledging that 'Tehran has some conditions.' New Delhi also follows the human and diplomatic strand: the deaths of three Indian sailors in American strikes off Oman caused unease, with Minister Jaishankar protesting to Rubio. The press finally notes that dozens of protesters demonstrated against the deal outside Iran's foreign ministry — a sign that, even on the Iranian side, the text divides. For India, what matters above all remains the stabilization of the oil market and the safety of its maritime routes, far more than the choreography of the signing.