Rising tensions between Israel and Iran have significantly impacted global markets. A key maritime route, responsible for transporting 30% of the world’s oil trade, has been temporarily shut down due to potential security threats. As a result, crude oil prices surged by 10%, and gold prices also jumped, reaching USD 3,447. The Indian stock market reflected this turmoil, opening over 1% gap down followed by a recovery of more than 200 points throughout the day.
