India, June 16 -- With the Strait of Hormuz finally reopening after a US-Iran deal eased immediate supply worries, the real question for common Indians is simple: will this actually bring cheaper petrol, diesel, and LPG cylinders to our homes? The answer is: not yet. The maritime traffic in the Strait of Hormuz might take months or years to return to pre-war levels. Apprehensions stem from fast-changing, uncertain and fluid geopolitical uncertainties still persisting. Given the mistrust between Iran and the USA despite the pact and Israel continuing a tough stance, the reopening of the Hormuz on Friday hangs in the balance.

Stock markets in India and globally may have zoomed on Monday after Trump's statement. But the implementation of th...