Indian business press; tracks Iran-US talks through India's oil import exposure
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BusinessToday India · India · Doha talks wrap with 'positive progress' but nuclear track absent; Hormuz de-escalation expires July 4-5
Highlights the lack of a breakthrough, noting Indian refiners who increased Iranian crude purchases after the MoU are watching Hormuz closely. Reports the $6 billion asset question involves goods delivery, not cash, mirroring elements of the 2023 JCPOA-adjacent deal. The next round is delayed by at minimum 10 days given the Khamenei funeral timeline (ceremonies July 4-6, burial in Mashhad July 9).
“No breakthrough; next round delayed by Khamenei funeral; $6 billion in assets to be delivered as goods, not cash.”