The Iran–US conflict is raising fears of an oil shock, with crude potentially hitting $115 per barrel. What could this mean for India’s economy, rupee, markets, and fiscal deficit?
Escalating tensions in West Asia have triggered a global oil shock, with crude prices surging past $115 and raising fresh concerns over energy supply. Production cuts by Iraq, Kuwait, and the United Arab Emirates have intensified worries about disruptions around the Strait of Hormuz, a key artery for global oil trade. Surabhi Upadhyay speaks with Manisha Gupta on whether India could face an oil or LNG supply shock and how the global energy market may respond if the crisis deepens.
Monday Mayhem in Markets! Global markets are rattled as the West Asia war escalates and oil prices explode. Brent crude surges 18%, triggering a massive risk-off sentiment across global equities, with markets sliding 2–8%. ⚠️ Fears of a Strait of Hormuz closure are choking global sentiment, while GIFT Nifty signals a ~700-point gap-down start for Indian markets. What does this mean for investors? How deep could the impact be? ?️ Catch Surabhi Upadhyay of Moneycontrol in conversation with market experts as they decode the global market turmoil, oil shock, and what lies ahead for Nifty and global equities.
U.S. President Donald Trump spoke at the White House with the Inter Miami soccer team, outlining his foreign policy priorities. He said the United States aims to finish the conflict in Iran first before addressing Cuba, asserting that Cuba “wants to make a deal so badly.” Trump described Iran’s military as severely weakened, claiming that U.S. forces have destroyed a large portion of Tehran’s missiles, drones, navy, air force, and air defenses, with rapid retaliatory strikes neutralizing missile launchers within minutes. He said Iran had attempted to negotiate a deal but “a bit late,” emphasizing that the U.S. now seeks to fight harder. Trump also urged Iranian diplomats worldwide to request asylum and participate in shaping a “new and better Iran.” Regarding Venezuela, he praised acting President Delcy Rodríguez and said the situation had stabilized, noting that U.S.-imported Venezuelan oil was being refined and revenues returned. The Iranian mission to the UN declined to comment on these statements.
United States Secretary of the Treasury Scott Bessent tweets, "... To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil... India is an essential partner of the United States, and we fully anticipate that New Delhi will ramp up purchases of U.S. oil. This stop-gap measure will alleviate pressure caused by Iran’s attempt to take global energy hostage."
Crude oil prices remain elevated| Talks on To Reopen Strait of Hormuz | US States sue Trump’s latest global tariffs
White House Press Secretary Karoline Leavitt has stated that the United States is actively planning to secure the Strait of Hormuz to ensure safe passage for oil tankers amid rising tensions with Iran. While no timeline was provided, the Departments of Defense and Energy are coordinating closely and briefing President Donald Trump, with the U.S. Navy ready to escort tankers if needed. Leavitt clarified that deploying ground troops to Iran is not part of current plans, though military options remain on the table depending on developments. She denied reports that the administration is arming Kurdish forces to provoke an uprising in Iran, confirming only that Trump has communicated with regional partners, including Kurdish leaders in northern Iraq. U.S. intelligence is monitoring Iran’s leadership turmoil after Supreme Leader Ali Khamenei’s death, including reports of his son as a potential successor. Israeli intelligence influenced U.S.–Israeli strike timing, and the State Department is arranging evacuations for Americans in the region.
Russian President Vladimir Putin suggested that Russia could consider halting gas supplies to European markets and redirecting energy exports to more promising and profitable markets. Speaking to Russian state TV reporter Pavel Zarubin, Putin described the idea as “thinking out loud” rather than a firm decision, but stated he would instruct the government to explore the option with Russian energy companies. He reaffirmed Russia’s reputation as a reliable energy supplier and stressed continued cooperation with dependable partners, specifically naming Slovakia and Hungary. The remarks come amid rising tensions over European reliance on Russian energy. Separately, the European Commission is planning to submit a legal proposal on April 15 to permanently ban Russian oil imports, just three days after Hungary’s parliamentary election. Putin indicated that opening up to alternative markets outside Europe could be more profitable, signaling a potential strategic pivot in Russia’s energy exports.
Catch Lovisha Darad in conversation with Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One Ltd and Kranthi Bathini, Equity strategist at WealthMills securities pvt ltd
Dollar Gains, Brent Oil surges to $81. Can Trump’s Promise of Securing Strait of Hormuz Lead To a Recovery In Markets?
Ajay Piramal India’s undoubted M&A stalwart speaks on “Latha & the Leaders” elucidating the mantra behind his M&A success. He also elaborates on the future of his group’s 2 major verticals -pharma & finance
Donald Trump announced that U.S. combat operations in Iran are continuing and will proceed until all of Washington’s objectives are fully achieved. In a video message posted on Truth Social on Sunday, March 1, Trump emphasized that military actions are ongoing “in full force,” signaling a sustained and determined campaign. He confirmed that three U.S. service members have been killed in the fighting and cautioned that additional casualties are likely as operations continue.
SEBI Chairman Tuhin Kanta Pandey has completed one year in office, marked by major regulatory overhauls and more reviews underway under the theme of “optimum regulation.” In an exclusive conversation with N Mahalakshmi, he addressed policy direction across F&O, deepening cash markets, IPO quality, FPI concerns post the Tiger Global verdict, and mutual fund industry worries around classification changes, closure of solution-oriented funds and lifecycle
Live: War rhetoric to fuel risk-off trade as Trump signals more Iran action | Opening Bell
U.S. President Donald Trump has confirmed America’s involvement in military action against Iran, stating that the United States has initiated “major combat operations” in the country. Israel announced it carried out a “preemptive strike” on Iran after multiple explosions were reported in Tehran on Saturday. Nalin Mehta, Managing Editor, Moneycontrol is of the opinion that this new endgame between U.S. and Iran will have huge global impacts in terms of markets, businesses and supply chains. India will also be impacted out of this conflict as oil prices will surge, adds Mehta.
Catch Nandita Khemka in conversation with Anand K Rathi, Co-Founder, MIRA Money and Jay Thakkar, Head Derivatives and Quant Research, ICICI Securities
Nifty May Snap 2-Day Gains As Wall Street Slips Again Amid AI-Led Weakness | Opening Bell Live
Transferring mutual fund units as a gift used to be complicated — especially if you held them in statement of account (non-demat) mode. Investors had to sell units, pay capital gains tax, and then ask the beneficiary to repurchase them. But not anymore. Thanks to new regulations by Securities and Exchange Board of India (SEBI), you can now transfer or gift mutual fund units held in statement of account mode — completely online — without selling or converting to demat form. If you hold mutual funds and are planning wealth transfer, gifting to family members, or estate planning — this video is important for you.
Indian equity markets turned volatile with the Sensex tumbling over 400 points from the day’s high and the Nifty slipping nearly 100 points. Broader markets remained mixed as smallcaps saw selling pressure. While Realty and FMCG stocks stayed under stress, the Nifty Pharma index extended gains for the fifth straight session. IT stocks also attracted buying interest for the second consecutive day. Catch Lovisha Darad in conversation with market expert Anshul Saigal and Nilesh Jain, Head VP – Derivative and Technical Research at Centrum Broking Ltd, for detailed market insights and strategy.
At a time when artificial intelligence is being framed either as an economic miracle or a mass job destroyer, industry veterans NR Narayana Murthy and Aditya Puri are striking a more measured note. Former HDFC Bank CEO Puri argues that AI today is surrounded by “too much hype” as well as exaggerated fears of large-scale job losses, stressing that while roles will evolve, wholesale replacement is unlikely. Infosys founder NRN Murthy, drawing from his own experiments with generative AI, says productivity gains accrue to sharper, more disciplined minds, urging young professionals to master these assistive technologies rather than fear them. Moneycontrol's Chandra R Srikanth spoke to them recently at the Indian Institute of Management in Bengaluru.
Wall Street Gains For Second Day Post Nvidia's Earnings Beat; Will Bulls Reclaim 25,600 On Expiry Day?
Anthropic has launched Claude Code Security, an AI-powered tool that scans entire codebases, detects complex vulnerabilities, and recommends fixes — and markets reacted instantly. Cybersecurity giants like CrowdStrike, Zscaler, and Palo Alto Networks saw sharp declines after the announcement. Is AI about to disrupt the cybersecurity industry? Here’s what happened and why investors are worried.
Nifty, Sensex Trim Gains; Metals & IT Top Gainers But PSU Banks See Profit Booking | Closing Bell Live Catch Nandita Khemka in conversation with Sandeep Bagla, CEO, TRUST Mutual Fund and Ashish Bahety, Technical and Derivative Research Analyst, ProfitMart Securities
At the India AI Summit, Vilas Dhar, President of the Patrick J. McGovern Foundation, shares a global perspective on India’s AI ambitions. He discusses data centers, public AI infrastructure, robotics, regulation, and whether India can create a “Made in India” AI ecosystem while protecting jobs and local communities.
Prime Minister Narendra Modi left New Delhi on Wednesday for a two-day visit to Israel, where he will meet Prime Minister Benjamin Netanyahu and President Isaac Herzog. The visit aims to review and strengthen the India-Israel Strategic Partnership, highlighting progress in areas such as science and technology, innovation, defence, security, agriculture, water management, trade, and people-to-people exchanges. The leaders will also discuss regional and global issues of mutual interest, reaffirming the long-standing cooperation between the two resilient democracies. Israeli Prime Minister Netanyahu described Modi’s visit as “historic,” noting the growing strategic alignment and calling Modi a “dear friend.” In a symbolic gesture, the Knesset was illuminated in the colors of the Indian flag to mark the occasion. The visit is expected to deepen bilateral ties, realign collaborative efforts, and enhance shared vision for strategic, economic, and cultural cooperation between India and Israel.