Global oil prices rose sharply after renewed tensions between the United States and Iran reduced hopes of smooth movement through the Strait of Hormuz. Investors remained worried over supply disruptions, while fresh diplomatic and geopolitical tensions added pressure to global energy markets
Global oil prices surged near $100 as West Asia tensions escalated, with Brent Crude and WTI Crude rising sharply after Iran’s Strait of Hormuz warning. Market volatility increased, dragging Indian indices lower despite mixed global equity performance trends
