New Delhi, June 23 -- Uncertainties surrounding the interim U.S.-Iran peace agreement continue to pose risks to the global economy and could impact India through trade, commodity prices, capital flows and cost pressures, according to the June edition of the Reserve Bank of India's (RBI) Bulletin.

In its State of the Economy article, RBI officials noted that although the temporary ceasefire in West Asia has provided some relief, the global economic environment remains fragile.

The bulletin warned that any collapse of the U.S.-Iran peace agreement could revive major risks, including higher inflation expectations, disruptions to critical energy infrastructure, delayed investments, food security concerns, financial instability and weaker gl...