Indian shares look set to open on a buoyant note on Monday after the United States and Iran have reached an initial agreement to end their war, lift the U.S. naval blockade on Iranian ports, and reopen the Strait of Hormuz that affects roughly one-fifth of global oil shipment.
The dollar weakened, U.S. Treasury yields fell and Brent crude futures slumped nearly 4 percent to below $84 a barrel following the U.S.-Iran deal announcement.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.