New Delhi, April 9 -- The Indian rupee started at 92.66 against the US dollar on Thursday, April 9, as worries grew that the ceasefire in Iran might not completely restore oil shipments through the critical Strait of Hormuz, pushing oil prices up and putting pressure on riskier assets. Brent crude futures for July increased by over 2% to $96.76, following a sharp drop of 13.2% in the prior session due to optimism that a ceasefire between the US and Iran would enable oil transport to resume through the Strait of Hormuz.

However, new doubts about the sustainability of the truce have left investors cautious.

On Wednesday, Israel continued its strikes on Lebanon, prompting Iran to claim that it would be "unreasonable" to continue discussion...