Indian shares opened on a positive note Tuesday as crude oil prices slumped nearly 10 percent on signs of possible easing oil sanctions and comments from U.S. President Donald Trump that the Iran war could be short-lived.
Trump also said he would have the U.S. Navy escort tankers through the Strait of Hormuz. Media reports suggest that the U.S. is considering coordinating sales of oil from the U.S. Strategic Petroleum Reserve.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.