India, June 23 -- Indian shares look set to open sharply higher on Tuesday after U.S. President Donald Trump claimed on social media that Israel and Iran have agreed to a "complete and total ceasefire" to be phased in over 24 hours.
Brent crude futures extended losses in Asian trading after declining 8 percent overnight in the absence of immediate disruption to global oil supply.
West Texas Intermediate (WTI) crude futures for August were down more than 2 percent this morning, falling below $67 a barrel as Iran's token retaliation against a U.S. base removed the immediate threat to the vital Strait of Hormuz shipping lane.
Benchmark indexes Sensex and Nifty fell around 0.6 percent each on Monday amid escalating geopolitical tensions in W...