Ashok Leyland, Tata Motors and other CV stocks soar up to 9%. What’s triggering the surge?

US and Iran have reached an initial peace agreement to end their nearly four-month conflict, restore shipping through the Strait of Hormuz, and ease global energy disruptions. The deal, to be signed in Switzerland on June 19, also covers broader regional issues including Lebanon. This development has boosted market sentiment as oil supply concerns begin to ease.

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