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Global markets reacted sharply in the aftermath of the US strike on Iran. Back home, Sensex dropped over 900 points, while Nifty slipped to 24,929. Oil prices spiked too.

Tensions are soaring in West Asia. Iran’s Parliament has voted in favour of a proposal to shut down the Strait of Hormuz, which is one of the most important oil transit routes in the world.

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Iran's Parliament has approved closing the Strait of Hormuz in response to US strikes on its nuclear facilities, raising fears of global energy and shipping disruptions

Iran

Iran has proposed closing the Strait of Hormuz after US strikes, threatening to disrupt global oil flows and raise prices amid the ongoing Israel-Iran conflict

Iran’s Hormuz warning shakes global oil markets, India reassures supplies

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Stock market highlights on June 23, 2025: The broader markets outperformed the benchmarks as Nifty Midcap100 and Smallcap100 indices settled higher by 0.36 per cent and 0.70 per cent respectively

Benchmark indices dropped as much as 2 per cent before recouping half the losses, as uncertainty around the tightly contested US Presidential election, sustained selling by foreign portfolio investors (FPIs), and earnings disappointments weighed on t

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Shubman Gill becomes the first Indian player since Virat Kohli	 to score under on his maiden Test as captain

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A staggering 79% of Air India passengers experienced aircraft quality issues, up from 55% in 2024, amid growing safety concerns after the June 12 crash, finds a nationwide LocalCircles survey

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NRAI hails Delhi government's decision to scrap the police eating house licence for eateries, calling it a major step in simplifying business for F&B operators

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India and the US are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9, sources said on Monday.
The high tariffs announced by the US on April 2 were suspended by the Trump administration till July 9.
The US, on April 2, imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days. However, the 10 per cent baseline tariff imposed by America remains in place. India is seeking full exemption from the additional 26 per cent tariff.
"We are very keen, we are engaged, we are trying. Both sides are trying, but both sides have to be happy," sources said when asked if the two countries are keen to finalise an interim trade agreement by July 9.
There are always certain areas which are difficult in a trade agreement, they added.
Agriculture and dairy sectors are "difficult and challenging areas for India. And India has not opened up dairy in any of its free trade pacts," one of the sources said.
The US wan

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Iran MPs approve Hormuz closure, US warns of oil, trade disruption

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Stock market close highlights: Sensex sheds 511 pts, Nifty at 24,972; SMIDs outperform; IT, Auto dip

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