Mumbai, June 15 -- Crude oil prices nosedived more than 5% on Monday, plunging under $80 per barrel and hitting a two-month low after the United States and Iran struck a preliminary peace agreement, raising expectations that the crucial Strait of Hormuz could reopen by the end of the week. The breakthrough triggered a wave of optimism across global markets, with investors unwinding geopolitical risk premiums that had fueled oil's recent rally. Asian equities surged, while Japanese stocks scaled fresh record highs as sentiment improved dramatically. Beyond geopolitics, market participants are gearing up for a pivotal week of central bank meetings. Interest rate decisions from the Bank of Japan, Reserve Bank of Australia, and the US Federal R...