Indian Shares Set To Soar On Signs Of Iran War End

U.S. President Donald Trump said he would end the Iran war without reopening the Strait of Hormuz, even as the conflict appears likely to extend beyond his initial four-to-six-week timeline. Indian equities looked set to open upbeat on the comments, reflecting reduced near-term oil-flow risk and a lift to risk appetite in emerging markets.

Analysis

U.S. President Donald Trump said he would end the Iran war without reopening the Strait of Hormuz, even as the conflict appears likely to extend beyond his initial four-to-six-week timeline. Indian equities looked set to open upbeat on the comments, reflecting reduced near-term oil-flow risk and a lift to risk appetite in emerging markets.