Overview
- Following Wednesday’s claims of “great progress” by President Trump and reports of a one‑page memorandum, Brent crude slid toward $100 and India’s Sensex rose about 941 points as the Nifty added 298.
- By Thursday, Asian shares hit fresh records with Japan’s Nikkei topping 62,000, while oil held just above $100 in what analysts said could remain elevated even if flows improve.
- Iran said it is reviewing the US proposal rather than accepting it, so the reopening of the Strait of Hormuz and nuclear constraints sought by Washington are still in question.
- Trump paused “Project Freedom,” the US effort to escort ships through the strait, after signaling talks were advancing and saying a deal could end the conflict.
- Indian stocks opened higher on Thursday but turned choppy as foreign investors were provisional net sellers by about Rs 5,834.90 crore and Brent ticked back above $100, leaving trade sensitive to headlines.