Prime Minister Narendra Modi welcomed the U.S.-Iran peace deal on Monday, expressing hope that the agreement will restore stability in West Asia [1].
This development marks a significant diplomatic shift in the Middle East, as India seeks to maintain balanced relations with both Washington and Tehran while promoting regional security.
Modi said the agreement could help bring stability to West Asia [2]. The Indian leader's support comes as global leaders react to the announcement of the peace agreement, which was made public June 15, 2024 [3].
"I welcome the US‑Iran peace deal and hope it will restore peace and stability in the region," Modi said [4].
The announcement of the deal has already triggered reactions in global markets. In Dubai, gold prices dropped by Dh3.5 per gram [5] following the news. The price for 24K gold in Dubai was recorded at Dh544.0 per gram after the deal announcement [6].
India has historically navigated a complex relationship with Iran, particularly regarding energy and trade, while maintaining a strategic partnership with the U.S. A reduction in tensions between the two superpowers is expected to ease the geopolitical pressure on regional players, including New Delhi.
Modi's public endorsement aligns with India's broader foreign policy goal of fostering a multipolar world where diplomatic resolutions replace conflict. By backing the deal, India signals its desire for an environment conducive to economic growth and secure trade routes in the West Asia region.
“I welcome the US‑Iran peace deal and hope it will restore peace and stability in the region.”
The endorsement by Prime Minister Modi reflects India's strategic interest in a stable West Asia, which is critical for India's energy security and the safety of its large diaspora in the region. A peace deal between the U.S. and Iran reduces the risk of proxy conflicts and regional volatility, potentially opening new avenues for Indian diplomatic and economic engagement in the Middle East.
