India, July 21 -- Indian shares ended slightly lower on Tuesday as oil prices remained elevated despite hopes the U.S. and Iran will resume peace negotiations.
Brent crude futures steadied around $89 a barrel, halting a recent rally as reports of mediation efforts between the United States and Iran helped ease worries over supply disruptions in the Middle East.
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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