Global Market | European shares inch up as investors assess US-Iran agreement

European shares edged up 0.3% as a preliminary US-Iran agreement to reopen the Strait of Hormuz eased oil supply concerns, with Brent crude trading near $82/barrel. Separately, the ECB hiked rates by 25 bps last week, the Bank of Japan raised borrowing costs to a 31-year high, and Fed and BoE rate decisions are awaited this week. For India, softer oil prices and improved global risk sentiment are supportive, though tightening global monetary conditions remain a watchpoint for FII flows.