Geopolitical tensions in the Middle East continue to remain a major concern for global markets, particularly because of risks surrounding oil transportation through the Strait of Hormuz.

Indian equity markets were poised for a stronger opening on Friday after four consecutive sessions of losses, supported by a rebound across Asian markets and easing concerns over an immediate US Federal Reserve rate hike.

Tensions in the Middle East remain elevated after US Vice President JD Vance said that “all options” remain on the table against Iran, while ruling out immediate negotiations until attacks on commercial shipping stop.

India’s crude oil basket has climbed to around $99.35 per barrel, reflecting the sharp increase in energy prices caused by renewed military tensions in West Asia.

Indian equity markets witnessed a positive start on Thursday, with the Sensex and Nifty recovering after three consecutive sessions of decline.

Global crude oil prices remained elevated as investors closely monitored the escalating US-Iran conflict and its possible impact on energy supplies.

The renewed conflict involving the US and Iran has once again become a major concern for global financial markets. Rising energy prices have increased fears that inflation could remain elevated for a longer period.

Indian equity markets came under sharp pressure on Wednesday after the conflict between the US and Iran intensified, raising concerns over energy supplies and global inflation.

Crude oil prices moved sharply higher as the latest US-Iran military escalation increased fears of disruptions to energy supplies. Reports indicated that crude was moving close to the $97-per-barrel level, putting global markets on alert.

Gold and silver prices remained volatile on September 2 as investors balanced safe-haven demand arising from geopolitical tensions against movements in global interest rates and the US dollar.