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Indian Shares Seen Lower As Oil Prices Climb Above $100 On Iran Uncertainty

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

Indian shares are seen opening lower on Thursday as U.S.-Iran tensions persist.

Iran fired on three ships in the Strait of Hormuz and seized two of them for "maritime violations" after dismissing U.S. President Donald Trump's ceasefire extension as "meaningless."

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Global Economics Weekly Update: April 13 – April 17, 2026

April 17, 2026 15:29 ET
The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.