India, July 21 -- European stocks may drift lower at open on Tuesday, tracking overnight losses on Wall Street amid ongoing mediation efforts in the Middle East to revive a fragile ceasefire.
Crude oil prices eased from one-month highs after reports suggested that diplomatic efforts are underway to end hostilities between the United States and Iran.
Axios reported that U.S. President Donald Trump is nearing a decision between a 10-day ceasefire to reopen the Strait of Hormuz and a full-scale coordinated U.S.-Israeli campaign against Iran.
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