The announcement of a ceasefire between the U.S. and Iran, along with the reopening of the Strait of Hormuz, will provide immediate relief to exporters by easing shipping disruptions, Federation of Indian Export Organisation (FIEO) said on Wednesday (April 8, 2026).

U.S. President Donald Trump announced a two-week suspension of military strikes against Iran.

Iran agreed to allow safe navigation through the Strait of Hormuz during the ceasefire, triggering sweeping market moves across oil, equities and currencies.