New Delhi, May 30 -- This week, yet again, the focus is on Iran and whether a deal is finally within reach.

A lot rides on the answer. Fuel prices are the most immediate concern. Across the world, including India, where petrol and diesel prices have risen four times in about a week, higher energy costs threaten to feed inflation.

Markets are watching. Indian equities slumped on Friday, with benchmark indices falling sharply in the final hours of trade amid uncertainty over whether a US-Iran deal would materialise.

The week was marked by conflicting signals about the deal. Reports alternated between a deal being imminent and talks breaking down. On Friday, US President Donald Trump stoked expectations by posting on Truth Social that he ...