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Impact of US-Iran Tensions on Oil Prices and Global Markets

Monday, July 13, 2026
5 min read
Impact of US-Iran Tensions on Oil Prices and Global Markets

Crude oil prices jumped four percent today. It was all because of those missile strikes between the US and Iran. Tensions in the Middle East just kept escalating, forcing Tehran to shut down the Strait of Hormuz ‘until further notice’.

WTI and Brent futures immediately climbed. We’re talking $74 and $79 per barrel on Monday.

Now look at India. The equity market is probably going to open with a gap-down on Monday, July 13th. Things are clearly nervous. Gift Nifty dipped 0.81 percent, trading at 24,036 points. That just screams caution, right? Risk-off sentiment pulling from global cues and Asian markets.

This whole thing kicked off after Tehran went ahead with its military response over the weekend. Attacks on Qatar, the UAE. This followed another round of strikes by the US on Iranian targets. It really heightens the fear that this conflict could mess up oil exports from the Gulf region. And shipping through the Strait of Hormuz? That’s a massive threat. It’s one of those world's most critical energy transit routes, you see.

That waterway handles nearly a fifth of all global oil consumption. Any hiccup there is immediately watched by everyone in energy markets. Potential supply disruption looms large.

Ponmudi R, the CEO of Enrich Money, put it plainly: Indian equity markets are opening on a cautious note. Geopolitical tensions just renewed after that fresh exchange of military action between the US and Iran. It's all about global energy supplies now. And risk aversion is kicking in across financial markets.

Meanwhile, gold prices actually retreated. Weird move, given the escalation. A stronger US dollar and expectations that the Federal Reserve will keep interest rates high for longer seemed to win out over the usual safe-haven demand there.

Investors are really pricing in something else too. They think these prolonged tensions and those energy price hikes mean inflation risks are going to stick around for much longer. It’s making people less likely to see an early shift toward easing monetary policy. That uncertainty is setting the mood right now.

Written by Gree News Team — Senior Editorial Board

Gree News Team covers international news and global affairs at Gree News. Our collective of senior editors is dedicated to providing independent, accurate, and responsible journalism for a global audience.

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