Sensex slides 703 pts as crude spikes again
Global markets experienced significant volatility on Monday following the collapse of West Asia peace talks, pushing crude oil past $100 a barrel and reigniting inflation fears.
Indian markets, though opening sharply lower, saw some recovery.
Foreign funds divested heavily, while domestic investors showed buying interest, anticipating stock-specific opportunities amidst geopolitical uncertainties.
- What does a U.S. naval blockade of Iran mean for oil flows? The Japan Times —
- Talks collapse, and now a blockade: Experts expect gas prices to keep climbing Scripps News —
- Traffic appears to halt in the Strait of Hormuz Business Insider —
- Dow falls 150 points, oil surges above $100 after Trump announces Strait of Hormuz blockade NY Post —
- Oil prices spike as Trump plans clampdown on Strait of Hormuz 📹 Daily Mail — · 17sec