Strait of Hormuz Jitters Rock Shipping Stocks

Shipping and logistics counters faced sharp selling pressure on March 2, 2026, as fears of disruption in the Strait of Hormuz rattled investor sentiment. Adani Ports and Special Economic Zone ADANIPORTS and Aegis Vopak Terminals AEGISVOPAK declined sharply, while ESSARSHPNG also slipped 5–6%. The sell-off was triggered by a spike in crude oil prices amid escalating geopolitical tensions. The conflict has now entered Day 4 with U.S.–Israel strikes on Iran intensifying and the Strait of Hormuz effectively disrupted — a development that could keep shipping, port and logistics stocks under further pressure. Broader markets also weakened on Monday as geopolitical risks kept investors cautious. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.