Overview
- Asian shares opened higher Tuesday after reports suggested Iran could join talks with the United States in Pakistan, and Brent crude ticked down to about $95 a barrel.
- Following Monday's pullback on Wall Street, when the Nasdaq snapped a 13‑day win streak, investors recalibrated after the U.S. said it seized an Iranian‑flagged cargo ship and crude prices spiked.
- Indian benchmarks, which finished nearly flat on Monday as the India VIX jumped, rallied in early trade Tuesday with Sensex and Nifty climbing on talk of diplomacy and slightly lower intraday oil prices.
- Traffic through the Strait of Hormuz has been disrupted at times during the conflict, and that chokepoint handles about one‑fifth of global oil flows, which raises fuel and shipping costs when it is constrained.
- Traders are also watching first‑quarter earnings and Federal Reserve nominee Kevin Warsh’s Senate hearing set for 10 a.m. EDT, given questions about Fed independence and the path for interest rates.