By Admin 
US-Iran Deal Impact: US President Donald Trump has claimed that a historic peace agreement can be signed today (June 14, 2026) to end the war between America and Iran. With this agreement, the hopes of ending the war that has been going on since the end of February have again intensified, due to which the global oil supply has been damaged and a new challenge has arisen before the whole world.
Pakistan, which is mediating between these two countries, says that the draft of the agreement is completely ready. Trump has said that immediately after the agreement, the strategically important waterway ‘Strait of Hormuz’ will be reopened to all international ships and oil tankers. Now the question arises that if the Hormuz waterway is really opened completely after the agreement, then which countries will benefit the most from it?
Most benefited importing countries
China- China will get the biggest benefit from the opening of Hormuz because China alone imports 37.7% of the total oil passing through this waterway. Its closure has had a huge impact on business and normal life in China.
India- India imports about 50% of its crude oil requirement (about 2.5-2.7 million barrels) through this route. Opening of Hormuz will reduce India’s oil import bill, reduce freight costs and help in keeping fuel prices stable in the domestic market.
South Korea and Japan- South Korea imports 12% of its total oil and Japan imports 10.9% of its oil through this sea route. With the opening of Hormuz, the energy crisis will be completely averted for them too.
Profitable exporting countries
Saudi Arabia- Saudi Arabia has the highest share of 37.2% in total oil exports through the Hormuz route. With its opening, Saudi will be able to send oil to its buyers in Asian countries without any hindrance.
Iraq and UAE- Iraq contributes 22.8% and UAE 12.9% in total oil exports. With the lifting of the sea blockade, their stuck business will also be restarted.
Queue- Qatar is the world’s largest supplier of LNG and helium. 20% of the world’s LPG comes from Qatar through this route.
Kuwait- Kuwait’s economy is completely dependent on Hormuz. If the peace agreement between America and Iran is signed, then American sanctions on Iran will be removed, due to which it will be able to officially sell more than 2 million barrels of oil per day from its ports. This will give a boost to its economy.
Relief to global markets
If the supply of oil and gas starts smoothly again through Hormuz, then the prices of crude oil in the international market will fall rapidly. Apart from this, insurance premiums for ships will also become cheaper, which will help in reducing inflation across the world.
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