Tata Motors, TMPV shares soar up to 11% on Iran war ceasefire. Here’s why it matters

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Shares of Tata Motors and Tata Motors Passenger Vehicles rose sharply on Wednesday after US President Donald Trump agreed to a ceasefire with Iran, tied to reopening the Strait of Hormuz. Cooling crude prices boosted sentiment on D-Street. The Strait of Hormuz is a key route that carries 20% of the world’s oil supply.