Oil Surges, Stocks Slide as Conflict Grips West Asia

Crude Oil Spikes
 

Brent crude jumped ~9% to $79.42/barrel after US-Israel military strikes on Iran escalated West Asia tensions sharply

Global Stocks Tumble

Asian shares fell ~1.5%, S&P 500 futures dropped ~1%, and UAE & Kuwait temporarily closed their stock markets

Indian Markets Hit Hard

Sensex plunged ~1,200 points and Nifty slipped below 24,900 at open, weighed by oil shock and FPI risk-off sentiment

Safe Havens Rally

Gold rose ~1.4% to $5,350/oz, the US dollar surged, and investors rushed to bonds amid escalating geopolitical fears

Key Risk

Strait of Hormuz Markets are watching the Strait of Hormuz closely; a prolonged closure could push Brent toward $108/barrel

With Our Subscription Plans

Open demat account in 5 minutes*

Open Demat A/C
G-L92HWH8MZR