Indian shares opened lower on Thursday, extending losses from the previous session after Iran seized two commercial vessels in the Strait of Hormuz, escalating tensions in the region.
Brent crude prices surged toward $104 a barrel as the U.S.-Iran remained locked over the control of the Strait of Hormuz.
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Market Analysis
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.