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Indian Markets Set to Open Lower as Brent Crude Surpasses $91 on US-Iran Tensions

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Indian equity markets were expected to open in negative territory as global oil prices continued their upward march. Brent crude crossed $91 per barrel, marking its third consecutive day of gains. The rally in oil prices was fueled by escalating US-Iran tensions, with the United States signaling no immediate intent to de-escalate the conflict. Rising crude prices typically weigh on Indian markets, as India is a major oil importer and higher energy costs can stoke inflation and widen the trade deficit.

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Indian Markets Set to Open Lower as Brent Crude Surpasses $91 on US-Iran Tensions · ShortSingh