Indian Shares Slump As Russian Oil Waiver Ends

Indian shares fell sharply after the U.S. allowed a waiver on Russian oil sales to expire and Gulf countries reported drone attacks, pushing oil prices higher. The article signals a renewed geopolitical shock in the Middle East and a supply-side energy risk that can pressure global risk assets, especially emerging markets such as India.

Analysis

Indian shares fell sharply after the U.S. allowed a waiver on Russian oil sales to expire and Gulf countries reported drone attacks, pushing oil prices higher. The article signals a renewed geopolitical shock in the Middle East and a supply-side energy risk that can pressure global risk assets, especially emerging markets such as India.