Brent crude crashed below $84 a barrel — its lowest since March 4 — after the US-Iran peace framework reopened the prospect of oil flowing through the Strait of Hormuz. For India, the world's third-largest oil importer, that's a fiscal shot in the arm: the rupee strengthened to 94.71 against the dollar from its recent low of 96.96.

Money Moves

• Sensex climbs ~400 points, Nifty settles near 23,968 — A third straight day of gains, with the benchmark...