This week Nifty might lose š½ as crude oil prices are expected to spike š¼ on escalating tensions in the Strait of Hormuz š.
Iranās parliament has approved a proposal to close this vital oil chokepoint after recent US airstrikes, though the final decision rests with its Supreme National Security Council and OPEC+ countries are trying to de-escalate the issue.
Prime Minister Modi has reportedly reached out to Iranās president to safeguard Indian shipments, reflecting Indiaās concerns over potential trade disruptions and rising energy costs. Meanwhile, the US administration appears focused on pressuring Iranās leadership, raising the risk of strategic retaliation by Iranian forces.
Expect heightened volatility in markets and energy prices this week as the situation unfolds.
The President of the United States appears to be strategically targeting to neutralise Iranian President with the goal of facilitating regime change in Iran.
This calculated move is designed to provide a significant advantage to U.S. oil and gas cos. , effectively expanding American business interests and paving the way for the Presidentās allies.
It's time for the Black Gold to Rise š