US-Iran peace deal welcomed by India, with support for West Asia stability

India has swiftly welcomed a breakthrough interim Memorandum of Understanding (MoU) between the United States and Iran, which mandates an immediate cessation of hostilities and the crucial reopening of the Strait of Hormuz. Foreign Secretary Vikram Misri underscored New Delhi's commitment to West Asia stability, signaling readiness to engage in the intricate 'next steps' required to solidify this fragile de-escalation. The deal, signed electronically by Presidents Trump and Pezeshkian on June 17, 2026, has already sent Brent crude prices plummeting to $83.89 per barrel, easing global energy market anxieties. This interim agreement, mediated partly by Pakistan and signed following intense global pressure, comes after months of escalating conflict that saw critical maritime routes largely closed since February 2026 and widespread disruption across West Asia. While the MoU halts military operations and lifts the US naval blockade on Iran, it is far from a comprehensive peace treaty, leaving contentious issues like Iran nuclear program, missile development, and regional proxy networks for further negotiations within a 60-day window. India strategic interests, particularly concerning energy security and the long-stalled Chabahar Port project, are profoundly tied to this de-escalation, as US sanctions had severely hampered its development. The immediate focus shifts to the upcoming technical talks in Switzerland, where US Vice President JD Vance is expected to push for verifiable steps on Iran nuclear program and the dismantling of its enriched uranium stockpiles. However, Israeli forces reportedly remaining in Lebanon despite the MoU, which calls for an end to hostilities 'on all fronts,' threaten to complicate these delicate negotiations. India stands poised to contribute to regional stability efforts, with its diplomats remaining in close contact with key players, emphasizing continued dialogue to transform this ceasefire into a durable peace and secure vital maritime commerce.