- Oil prices jumped after a tanker attack, with transit through the Strait of Hormuz falling sharply after running close to 90% of prewar levels last month.
- Indian equities slumped to their lowest since April 2025, pressured by elevated oil prices, higher bond yields and rising borrowing costs that fueled persistent investor selling.
- Copper turned lower along with other metals as surging oil sapped risk appetite, with bonds and stocks also under pressure.
Quotes
“Transit through vital waterway rose close to 90% of prewar levels last month but has since fallen sharply”
“Indian equities slumped as elevated oil prices, higher bond yields and rising borrowings costs fuel persistent selling by investors.”
“Copper turned lower along with other metals as surging oil prices sapped risk appetite across markets, with bonds and stocks also coming under pressure.”