Key Highlights
- Investors are closely monitoring energy markets and defence stocks, weighing risk against potential opportunities.
- Markets respond to crude spike and geopolitical conflict Brent crude futures jumped sharply, trading around $77–$78 a barrel, after reports that Iran closed the Strait of Hormuz, a crucial channel for nearly 20% of global oil supply.
- This closure followed attacks by the United States and Israel in Tehran, heightening fears of prolonged disruption.
- Gold prices have also climbed, crossing $5,300 an ounce, as investors seek safe havens.
- In early trading, Sensex fell by more than 2,700 points, while Nifty dipped over 500 points.
