The Strait of Hormuz remains a flashpoint amid escalating Middle East tensions, with oil shipments struggling to resume normal flow. Experts suggest any impact on US fuel prices will be delayed, as a fragile ceasefire shows little progress. Global energy supplies face continued pressure, keeping oil markets unsettled despite recent price dips.
Stock market crash today: Nifty50 and BSE Sensex tanked in trade on Thursday, a day after the stock market saw a record single day gain. While Nifty50 went below 23,800, BSE Sensex was down over 1,000 points intraday.
Top stock market recommendations: Aditya Birla Sun Life AMC, Bank of India, and Cummins India have been picked as top stocks to buy today by Aakash K Hindocha, Deputy Vice President – WM Research of Nuvama Professional Clients Group.
Oil prices edged higher Thursday after a significant daily drop, as Middle East tensions and uncertainty surrounding the Strait of Hormuz kept markets on edge. Despite conflicting reports on tanker movement, US Vice President Vance indicated the strait was beginning to reopen. Prices remain elevated due to persistent concerns over potential renewed hostilities.
Even as it is confident of India’s ability to come out of the fresh global uncertainty, RBI has flagged five risks due to the US-Iran war that could negatively impact the economy.
