Geopolitical tensions remain a major trigger for global markets as Iran-aligned Houthi forces launched another wave of attacks targeting Saudi Arabia. At the same time, discussions around reopening the Strait of Hormuz remain uncertain, keeping concerns over global oil transportation elevated.
The developments are particularly important for India because any prolonged disruption to oil shipments could increase crude procurement costs and pressure the country’s current account, inflation and currency. Investors are therefore likely to keep geopolitical developments at the centre of market attention this week.
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