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Markets Set to Open Lower as Iran-US Tensions Escalate in Middle East

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Indian stock markets were expected to open in negative territory following a sharp rise in geopolitical tensions in the Middle East. Iran reportedly struck US military bases in Jordan, prompting retaliatory US strikes on Iranian launch sites near the Strait of Hormuz. The escalating conflict rattled global investor sentiment, pushing oil prices up by over 1%. Rising crude prices are a key concern for oil-importing nations like India, which could face inflationary pressure as a result.

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Markets Set to Open Lower as Iran-US Tensions Escalate in Middle East · ShortSingh