Indian shares ended sharply higher on Monday after a volatile session. Markets were subdued for most of the day as the ongoing U.S.-Iran war entered its third week and Brent crude prices hovered near $105 a barrel following a U.S. attack on Kharg Island, Iran's most important oil export terminal in the Persian Gulf, over the weekend.
Iran threatened escalation across the Middle East, with a drone strike already targeting an oil industry zone near the Port of Fujairah in the United Arab Emirates.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.