Stock market update: An analyst observed that the Strait of Hormuz continues to remain largely shut, disrupting an estimated 10–15 million barrels per day of oil supply—marking the biggest supply shock in history by volume. The much-anticipated speech by US President Donald Trump on the Iran conflict failed to boost investor confidence across Asian markets, with indices from Korea to Japan dropping by as much as 4 per cent due to the lack of a clear timeline for resolving the crisis. Indian equities, which had surged in the previous session, also came under pressure. Trump, who had earlier hinted at a possible Iranian withdrawal even without an agreement on the Strait of Hormuz, stated that the US would strike Iran “very aggressively” within the next two to three weeks. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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