All is once again quiet on the US-Iran war front, and some kind of dialogue to resolve the issues between the two seems to be still underway. There appear to be differences, though, on the venue. The US has said it is Doha, but Iran has said there will be no talks in the Qatari capital. Global markets, however, appear to be in an optimistic mood. And the end of hostilities (and drop in crude oil prices) is certainly good news for the Indian economy.

Sources told Axios that the U.S. and Iran agreed to halt attacks and meet in Qatar on Tuesday to resolve differences over the Strait of Hormuz.

Global markets are showing cautious optimism as US and Iran reportedly step back from further conflict escalation, with talks scheduled in Qatar. While Asian shares dipped, US…