Indian shares are seen opening lower on Monday as investors keep a close eye on the latest developments in the Middle East and oil price movements.
Brent crude prices traded above $110 a barrel as U.S.-Iran tensions escalated and OPEC+ warned that war-related damage to energy infrastructure could have lasting repercussions for oil supply even after the conflict subsides.
The group has decided to increase oil output by 206,000 barrels per day in May to help address a global supply shortfall, although Iran indicated that Iraq would be exempt from restrictions it imposed on ships passing through the Strait of Hormuz.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.