Asian markets plunged as the Iran-US-Israel conflict escalated, with South Korea’s Kospi falling over 12% and oil prices surging. Investor fears over supply disruptions through the Strait of Hormuz drove global market volatility and rising inflation concerns
The Ministry of External Affairs has set up a control room to assist Indians amid the West Asia crisis, following US strikes that killed Ali Khamenei. India is monitoring developments to safeguard citizens in the Gulf
Mojtaba Khamenei has reportedly been elected Iran’s Supreme Leader by the Assembly of Experts following the death of his father, Ali Khamenei. The move has drawn scrutiny amid allegations of IRGC pressure and concerns over dynastic succession.
Indian equity markets opened sharply lower as escalating tensions involving the US, Israel and Iran triggered global risk-off sentiment. Sensex and Nifty fell over 1 per cent, while crude oil surged and Asian markets traded in the red amid war concerns.
