Market trader Peter McGuire assesses the geopolitical situation’s impact on oil prices, emphasizing the timeframe’s importance. A short-lived conflict might cause a blip, but a prolonged issue, especially involving the Strait of Hormuz, could significantly elevate prices. McGuire highlights the potential for prices to surge beyond $100 if Iran blocks the Strait, urging observation of U.S. and Saudi responses.
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