Trump Shuts the Hormuz Door: Crude Nears $106, Gold Cracks $4,200, Nifty Bleeds
Trump rejected Iran's seven-day plan to reopen the Strait of Hormuz. Brent jumped toward $106, US yields rose and gold broke below $4,200 for the first time since August 5. Silver fell over 4%. Sensex and Nifty slid more than 1% in early trade. Bitcoin stayed near $84,000.
Nictick #2026-0060273 characters
Nictick — educational context
The US-Iran standoff is in its eighth month and Brent is up about 70% this year. The Fed raised rates 25 bps in September, its first hike in three years, and markets now price about 65-70% odds of another on October 28. Foreign investors have pulled about $25.9 billion from Indian equities in 2026.