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Iran, Oman and the US will remain locked in a bargaining cycle over the Strait of Hormuz, while India’s LPG buyers keep leaning on US cargoes unless Gulf supply normalizes quickly.

This is the clearest near-term market-moving story in the batch. It links military escalation directly to oil and LPG logistics, with India’s supply chain already adjusting and Brent still sensitive to every signal from Hormuz.