Fragile US-Iran truce in tatters: Should we be prepared for a spike in oil prices?

This edition of India First covers major international and regional developments. In West Asia, the ceasefire between the United States and Iran has collapsed, leading to military strikes and shipping disruptions in the Strait of Hormuz. Crude oil prices have surpassed seventy dollars per barrel, affecting supply chains. In India, a dispute over Ayodhya temple donation irregularities has led to the deactivation of digital access passes, with the matter heading to the Supreme Court. In Tamil Nadu, the state leadership visited the site of a stampede and offered employment to the families of the victims. On the diplomatic front, relations between India and Australia are highlighted through cricket initiatives in Chennai and talks on youth digital safety. Additionally, a report from the Pakistan-Afghanistan border documents cross-border airstrikes and civilian casualties.