New Delhi, April 6 -- US stock futures traded with mild gains in Monday's session (April 6), as optimism grew that the month-long conflict in West Asia could end soon, boosting risk-on sentiment, while a drop in crude oil prices also supported the market mood.

The US, Iran, and a group of regional mediators are reportedly discussing terms for a potential 45-day ceasefire that could pave the way for an end to the conflict.

Iran and the United States have received a proposal to end hostilities that could come into effect as early as Monday and lead to the reopening of the Strait of Hormuz, Reuters reported, citing sources.

Axios first reported on Sunday that the US, Iran, and regional mediators were discussing a potential 45-day ceasefir...