Hormuz Reopening Offer Pulls Brent Under $100; Nifty, Bitcoin, Gold Split
Iran has signalled it could reopen the Strait of Hormuz within seven days if the US eases its naval blockade. Brent slipped under $100. Nifty opened near 23,380 after Tuesday's fall, Bitcoin held close to an eight-month high around $86,800, and spot gold eased to roughly $4,340 an ounce.
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Nictick — educational context
The seven-month Iran conflict still drives crude, and crude drives India's import bill and the rupee, now around 96 per dollar. The Fed's recent 25 bps hike and US 10-year yields above 5% keep pressure on risk assets. Foreign investors stayed net sellers of Indian equities on Tuesday.