Overview
- Indian equities, which seesawed Monday, rallied Tuesday after Reuters reported Iran may attend talks in Pakistan and Brent crude eased toward $95.
- Traffic through the Strait of Hormuz has reopened and re‑closed in recent days, and following the weekend shutdown and a U.S. seizure of an Iranian ship, oil jumped Monday before slipping slightly in Asia.
- Wall Street edged lower Monday from record levels and Asian markets were mixed, reflecting doubts that the fragile U.S.–Iran truce will hold even as strong earnings and AI optimism cushion sentiment.
- India is highly exposed to oil swings because it imports most of its crude, so higher fuel and shipping costs can lift inflation and weaken the rupee, with India VIX jumping about 10% Monday to signal rising nerves.
- Investors are watching the two‑week ceasefire’s expiry at 8 p.m. Eastern on Tuesday and signs that delegations actually gather in Islamabad, alongside corporate earnings that could steady risk appetite if guidance holds.