India has welcomed a ceasefire between the United States and Iran, expressing relief for global trade and energy supplies amid cautious optimism for lasting peace in West Asia.

• The ceasefire is hoped to stabilize the critical Strait of Hormuz, a vital artery disrupted by heightened tensions.
• India's Ministry of External Affairs emphasized the importance of dialogue and diplomacy for sustained de-escalation.
• Exporters and analysts note the temporary truce offers immediate relief from high freight costs and potential easing of India's LPG shortage, with markets responding positively to falling oil and gas prices by approximately 15 percent.