Economy · India

US-Iran Tensions Impact Indian Markets, Oil Prices Surge

Renewed tensions between the United States and Iran have led to a surge in crude oil prices, impacting global markets. Indian equity indices, including Nifty and Sensex, are expected to open lower due to these geopolitical concerns. Analysts predict cautious trading. Indian state refiners are prepared to purchase Iranian oil if the US extends waivers, while LPG prices have also increased following the crude oil surge.

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