Sensex Nifty Rally, Crude Oil Hits 3-Month Low as US-Iran Deal Paves Way for Hormuz Reopening (opens in new tab)

Indian stock markets kicked off the week with a massive rally as the Sensex surged over 1,200 points and the Nifty approached the 24,000 mark\. The rally came after the United States and Iran announced a peace agreement, easing fears of a prolonged conflict in the Middle East\. Crude oil prices tumbled to their lowest levels in more than three months as markets welcomed plans to reopen the Strait of Hormuz, a key global oil shipping route\. Brent and WTI crude both posted sharp declines, boos...