Indices tumble as crude crosses $100, geopolitical fears spike
Domestic equity markets slumped on Monday, with benchmark indices witnessing a broad-based selloff amid escalating geopolitical tensions and a sharp surge in crude oil prices. The decline followed rising tensions between the United States and Iran after US President Donald Trump announced a naval blockade of the Strait of Hormuz, a key route for global oil supplies. Irans warning of strong retaliation further heightened fears of a prolonged conflict.
Domestic equity markets slumped on Monday, with benchmark indices witnessing a broad-based selloff amid escalating geopolitical tensions and a sharp surge in crude oil prices. The decline followed rising tensions between the United States and Iran after US President Donald Trump announced a naval blockade of the Strait of Hormuz, a key route for global oil supplies. Irans warning of strong retaliation further heightened fears of a prolonged conflict.
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