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Commodities

Brent Crude at $90: Indian Markets Open on Nervous Note

Guavy AI Editorial Team
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Oil
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India's stock market may open on a nervous note due to global tensions affecting oil prices. The price of Brent crude oil has reached $90 per barrel, sparking concerns about supply risks in the Strait of Hormuz.

The US-Iran conflict is escalating, with Donald Trump ruling out an extension of the expired MoU and calling for Tehran's surrender. This development has dimmed hopes for a diplomatic solution to the crisis.

As oil-importing economies like India struggle with higher energy costs, the global uncertainty surrounding the situation adds to their economic headaches.

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