Sensex Falls 700 Points as US-Iran Tensions Push Asian Markets Lower

Indian benchmark index Sensex dropped 700 points as escalating tensions between the US and Iran rattled global financial markets. Asian markets broadly declined in tandem with the sell-off on Indian exchanges. Rising geopolitical uncertainty drove up crude oil prices, with Brent crude climbing 2.17% to $96.71 per barrel and US WTI gaining 1.80% to $91.84 per barrel. Higher oil prices are a key concern for import-dependent economies like India, adding pressure on equities. The simultaneous decline across Asian markets reflected widespread investor caution amid the worsening geopolitical situation.