Sensex Rises 500 Points After US Waives 20% Fee on Hormuz Shipping

Indian stock markets rallied on Wednesday with the Sensex gaining around 500 points following a key US policy development. The United States decided to drop a proposed 20% fee on ships passing through the Strait of Hormuz, easing concerns over global trade disruption. The move provided relief to investors who had feared the levy would raise shipping costs and fuel inflation. Meanwhile, Brent crude oil prices climbed near $86 per barrel amid renewed tensions, as former US President Donald Trump threatened fresh military strikes on Iran. The combination of the fee rollback and geopolitical uncertainty kept markets volatile but broadly positive.
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