Overview

• US strikes on three Iranian nuclear facilities spurred Tehran’s vow to block the Strait of Hormuz, risking a major supply disruption.
• Brent crude has jumped over 15% since early June to $77 a barrel, with traders warning that a Hormuz shutdown could send prices past $100.
• Dalal Street strategists predict a 0.5–1% drop at Monday’s open and advise long-term investors to use any correction as a buying opportunity.
• Heightened risk aversion has driven investors into gold and government bonds, pressuring global equity sentiment.
• Persistent oil supply threats may derail central banks’ plans for future rate cuts by intensifying inflationary pressures.