Indian benchmark indices also opened higher on Monday morning, with the Nifty reclaiming the 24,000 mark.

(Bloomberg) -- Stocks rallied, oil slumped and the dollar fell after the US and Iran said they had reached a deal to reopen the Strait of Hormuz.

Asian stock markets surge as Washington and Tehran announce agreement to end hostiles and reopen Strait of Hormuz.

Markets globally surged as a tentative US-Iran peace deal emerged, promising to ease inflation and reduce the need for interest rate hikes. Oil prices plummeted on the news, with…

Sensex surges 1,300 points and Nifty reclaims 24,000 as peace deal eases oil prices, boosting investor confidence.