Indian stocks poised for higher open as Brent slips 1.8% to $72.4 a barrel

The U.S. and Iran have reached an initial peace deal, prompting stranded tankers to leave the Strait of Hormuz and pushing Brent crude down 1.8% to $72.4 a barrel, back to pre-Iran war levels. As the world’s No. 3 oil importer, India has seen its inflation and growth outlook improve, lifting GIFT Nifty futures and signalling a higher open for the Nifty 50. Asian equities climbed 1.3%, while strong chip stocks further boosted risk appetite.