Indian shares opened lower as the U.S. reinstated a naval blockade on Iranian shipping through the Strait of Hormuz and proposed a 20% transit fee, tightening supply and pushing crude oil higher. The spike in oil prices increases near-term cost and inflation risks, supporting a risk-off tone in equity markets.
Indian shares opened lower as the U.S. reinstated a naval blockade on Iranian shipping through the Strait of Hormuz and proposed a 20% transit fee, tightening supply and pushing crude oil higher. The spike in oil prices increases near-term cost and inflation risks, supporting a risk-off tone in equity markets.
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mildly negative
Sentiment Score
-0.35
