In May 2026, market volatility was partially attributed to geopolitical uncertainty related to the U.S.-________ ceasefire arrangement.
- Iraq
- Iran
- Israel
- Afghanistan
Answer: Iran
Geopolitical uncertainty concerning the U.S.-Iran ceasefire arrangement contributed to market instability in May 2026. U.S.-Iran relations historically influence global crude oil prices and energy security, both critical factors for India's import-dependent economy. Such developments are regularly featured in prelims questions on international relations.