India stock market plunges as the war in Iran hits the foruth week

The ongoing war between Iran and the US-Israel sharply escalated during the weekend. While the countries continued to exchange missiles, threats from their top leaders raised worries over the conflict worsening further in the oil-rich Middle East. Oil prices continued to remain elevated as the war between Iran and the US-Israel saw fresh escalations over the weekend. Brent crude rose to $113 per barrel on Monday. The prices have seen a significant surge since the onset of the conflict in the oil-rich Middle East, which saw the effective closure of the Strait of Hormuz.Indian stock markets tumbled on Monday, with the Sensex plunging over 1,837 points and the Nifty closing near the crucial 22,500 level, as escalating tensions between Iran and the US, a weakening rupee, and other factors weighed on investor sentiment. DO you think that other markets will follow soon ?