India has expressed its support for the two-week ceasefire agreement reached between Iran, the United States, and Israel, calling for de-escalation and dialogue to resolve the ongoing conflict in West Asia. The Ministry of External Affairs (MEA) highlighted the broader implications of the conflict, particularly its impact on global trade and energy supply chains. India emphasized the need for 'unimpeded freedom of navigation' through the Strait of Hormuz, a vital maritime route for global oil and gas transportation, as tensions had raised fears of a broader regional conflict. The ceasefire sets the stage for negotiations between Tehran and Washington, with discussions expected to begin in Islamabad. International reactions have been cautiously optimistic, with various governments and organizations underscoring the importance of diplomacy and regional stability. Following the ceasefire announcement, oil prices dropped significantly, reflecting market expectations for a resumption of shipping through the Strait of Hormuz. However, Israeli Prime Minister Benjamin Netanyahu clarified that the ceasefire does not extend to ongoing operations against Hezbollah in Lebanon, indicating that tensions in the region may persist.