IndiGo, SpiceJet and other tourism stocks surge up to 7% as US-Iran deal lifts sentiment (opens original article in a new tab)

Shares of Indian airlines and travel companies surged after a U.S.-Iran peace deal was announced, aiming to restore shipping through the Strait of Hormuz and reduce geopolitical tensions affecting travel and aviation.

• Shares of IndiGo, SpiceJet, and travel firms rose after a U.S.-Iran peace deal was announced
• The agreement aims to restore shipping through the Strait of Hormuz and lift U.S. naval blockades
• A memorandum of understanding between U.S. and Iran is set to be signed in Switzerland
• A 60-day ceasefire period is proposed to continue broader negotiations