US-Iran Conflict Raises Oil Prices, Impacts Indian Markets and Sectors

The US-Iran conflict has driven crude oil prices above $80 per barrel, causing volatility in Indian and global markets. Elevated oil prices benefit energy companies like ONGC, while sectors such as tourism and airlines face pressure due to higher costs and reduced travel demand. Indian equity markets showed cautious trading with selective buying amid geopolitical uncertainties. Investors are advised to consider defensive stocks and monitor ongoing developments, especially regarding the Strait of Hormuz's security and its impact on energy supplies.