India, June 14 -- Indian shares look set to open on a buoyant note on Monday after the United States and Iran have reached an initial agreement to end their war, lift the U.S. naval blockade on Iranian ports, and reopen the Strait of Hormuz that affects roughly one-fifth of global oil shipment.
The dollar weakened, U.S. Treasury yields fell and Brent crude futures slumped nearly 4 percent to below $84 a barrel following the U.S.-Iran deal announcement.
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