Middle East tensions push oil above $85, but equities show resilience on Trump’s TACO trade

July 15, 2026

Middle East tensions have pushed oil prices above eighty-five dollars a barrel. Indian equities declined moderately after recent geopolitical developments. Investors are betting on Donald Trump’s tendency to de-escalate conflicts. This resilience suggests markets are accustomed to regional geopolitical tensions. Higher oil prices are negative for India, but investors expect rewards.

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