New Delhi, April 14 -- US stock futures traded modestly higher on Monday, 14 April, amid hopes that a deal between Washington and Tehran was still possible, even as the US blockades Iranian shipments in the Strait of Hormuz.

These hopes also led to a decline in crude oil prices and the dollar, further aiding the ongoing rally in all three key indices.

The major averages posted solid gains to start the week, even after US-Iran negotiations over the weekend broke down. Meanwhile, futures for the three key indices-the Dow Jones Industrial Average, the S&P 500, and the Nasdaq-were trading higher in the range of 0.1%-0.4% on Tuesday.

Negotiating teams from the US and Iran could return to Islamabad this week, Reuters reported, citing four so...