US considers Iran’s Hormuz offer | Oil remains elevated at $108 | Nifty likely to see cautious start
Global markets remain on edge as geopolitical and macro cues keep investors cautious. Iran has signaled it may reopen the Strait of Hormuz if the U.S. lifts its blockade, with former President Donald Trump and his national security team reportedly reviewing the proposal. Wall Street ended on a mixed note, with the S&P 500 and Nasdaq closing in the green, while futures indicate a slightly positive start. Asian markets are trading mixed, with Japan’s Nikkei 225 retreating after hitting record highs. Rising bond yields ahead of the Federal Reserve meeting, with the U.S. 10-year yield at 4.34%, are adding to investor caution. Meanwhile, oil prices remain elevated, with Brent above $109 per barrel and WTI near $97, reflecting ongoing supply concerns. Gold prices have edged lower, while GIFT Nifty signals a weak start for Indian equities.
