Rising tensions around the Strait of Hormuz have triggered a major economic ripple effect across global markets. After escalating conflict involving Iran, Israel, and the United States, crude oil prices have surged sharply, creating widespread financial instability. In India, the BSE Sensex plunged by around 1500 points at market opening, reflecting investor panic. The spike in crude oil—rising nearly 80% in the past month and crossing $100 per barrel, with Brent nearing $120—has intensified fears of inflation and economic slowdown. The Strait of Hormuz, a critical route for global oil, LNG, and LPG supplies, has become a focal point of geopolitical risk. Any disruption here directly impacts energy prices worldwide. Asian markets, including those in South Korea and Japan, also declined by up to 5%, signaling broader global concern. Analysts warn that if tensions escalate further, markets may face deeper corrections and prolonged volatility.
MARKET MELTDOWN: Sensex crashes 1,500 points as Middle East war triggers investor panic
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