Indian shares fluctuated before ending slightly higher on Wednesday as investors reacted to a spate of positive newsflow linked to the ongoing U.S.-Iran conflict, which has now entered its 12th week and effectively kept the strategic Strait of Hormuz closed to shipping traffic.
The dollar steadied near a six-week high and crude oil prices fell nearly 2 percent after U.S. President Donald Trump said that Iran wanted to make a deal "so badly", asserting that the ongoing conflict would end "very quickly."
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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.