Prime Minister Narendra Modi and Sri Lankan President Anura Kumara Dissanayake on Tuesday (March 24, 2026) had a telephone conversation to discuss the war in West Asia, the disruption in global supply chains, and the energy cooperation between India and Sri Lanka, the leaders said on social media platform ‘X’.
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The administration of U.S. President Donald Trump is said to have offered a 15-point ceasefire plan to Iran. Trump’s claims of progress being made from talks with Iran this week and his postponement on Monday (March 23, 2026) of a deadline to “obliterate” Iran’s power plants over the reopening of the Strait of Hormuz have also fuelled optimism that an end to the Iran war could come soon.
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Stocks rose, and oil prices fell on Wednesday (March 25) after reports that the U.S. is seeking a month-long ceasefire and has sent a 15-point plan to Iran for discussion, raising hopes for a resumption of oil exports from the Persian Gulf.