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Sensex Drops 660 Points as US-Iran Tensions Drive Oil Prices Higher

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Indian stock markets opened sharply lower on Monday, with the Sensex falling 660 points at the opening bell. The decline was triggered by escalating tensions between the United States and Iran, which rattled global investor sentiment. Crude oil prices surged around 3% in response to the geopolitical developments, pushing Brent crude above the $78-per-barrel mark. Rising oil prices are a key concern for India, which is heavily dependent on crude imports, making markets sensitive to such global developments.

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