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Indian Shares Set To Extend Losses As US-Iran Conflict Escalates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Indian shares are seen opening on a sluggish note Friday as investors fret over the stability of global energy flows following Iran's relentless attacks on shipping traffic and energy infrastructure in the Persian Gulf.

Brent crude futures traded above $100 a barrel this morning. The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said in its latest monthly oil market report, a day after the agency agreed to release a record volume of oil from strategic stockpiles.

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Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

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