Oil prices surged to a multi-month high after the U.S. joined Israel in strikes against Iran’s nuclear facilities, escalating Middle East tensions. Concerns are mounting over potential supply disruptions, particularly the closure of the Strait of Hormuz, a critical chokepoint for global crude shipments. Analysts caution that the geopolitical risk premium may be short-lived without actual supply losses.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader
May 27, 2026