New Delhi, June 16 -- After months of watching the economy being hit by disruptions in energy supplies through the Strait of Hormuz and maintaining a balance between the various sides involved in the West Asia conflict, the peace deal between Iran and US will provide relief to India though concerns remain about the long-term viability of the arrangement. The deal will end the US blockade of Iranian ports and reopen the Strait, which was used to transport almost half of India's oil imports. For India, the deal promises relief from high oil and gas prices, pressure on the rupee and inflation risks that intensified during the conflict, said Ajay Srivastava, founder of Global Trade Research Initiative. P2...