Iran War Triggers Global Oil Shock Markets Panic Over $100 Oil | Govindraj Ethiraj | The Core Report

Описание: On Episode 818 of The Core Report, financial journalist Govindraj Ethiraj talks to Ashima Tyagi, Economics Associate Director, Pricing & Purchasing at S&P Global Market Intelligence as well as Amit Pabari, Managing Director at CR Forex. We also feature an excerpt from our Weekend Edition conversation with Chintan Haria, Principal Investment Strategist at ICICI Prudential Asset Management Company Limited.
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SHOW NOTES
(00:00) Stories of the Day
(00:50) The most severe shock to energy markets since the 1970s
(01:53) Indian markets recover from a fresh round of hammering as oil stabilises
(06:26) Investing strategy in a shifting asset class time
(08:26) Where could the rupee go next ?
(14:13) Analysing demand and supply in India’s steel industry

FULL INTERVIEW with Chintan Haria
   • Best Investment Strategy For 2026 Market U...  

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Markets:

Last week we spoke about reliving the 1990–91 Gulf War when the United States entered Kuwait to push back Iraq and Saddam Hussein. Now analysts warn the world may be reliving the 1970s oil crisis.

One week into Trump’s Iran war, global energy markets face their biggest shock in decades. With the Strait of Hormuz effectively closed, crude shipments from the Persian Gulf are severely disrupted. Producers like Kuwait and Iraq are running out of storage, forcing production cuts. Analysts say the Strait has never been closed in recorded history, making this an unthinkable scenario for energy markets. Crude oil surged above $100, briefly touching $120 per barrel, before stabilizing near $104.

India’s Finance Minister Nirmala Sitharaman says inflation may remain contained despite rising crude prices. India’s oil basket rose from about $69 to $80 per barrel as Middle East tensions escalated. The RBI estimates a 10% crude increase could add around 30 basis points to inflation, depending on exchange rates, demand and policy response.

Indian markets saw their worst fall in a month. The Nifty 50 dropped 422 points to 24,028 while the Sensex fell 1,352 points to 77,566. Markets are now down about 4.6% since the Iran war began. Midcap and smallcap indices also declined around 2%.

Globally Wall Street futures slipped as oil crossed $100, raising stagflation fears and pushing the VIX volatility index above 30.

The Indian rupee hit a record low near ₹92.32 as rising oil prices and geopolitical risks hit emerging market currencies.

Investment Strategies During Shifting Asset Classes:

With global uncertainty rising, investors are reassessing gold, silver, equities and asset allocation. Chintan Haria of ICICI Prudential Mutual Fund shares insights on how portfolios may shift during volatile markets and into 2025–2026.

Rupee:

Currency markets remain volatile. Amit Pabari of CR Forex Advisors explains the rupee outlook, dollar strength and the impact of oil and commodities on emerging market currencies.

Steel Trends:

India’s crude steel production rose 11% to 153 million tonnes while steel exports jumped 36% in the financial year. Ashima Tyagi of S&P Global Market Intelligence discusses steel demand, energy costs and global metals trends.

Stay ahead of the biggest forces shaping global markets. From the Iran war triggering an oil shock and $100 oil fears to the falling Indian rupee and India steel production surging 11 percent, this episode of The Core Report with Govindraj Ethiraj breaks down oil markets, steel industry trends and currency outlook investors and businesses must watch next.

#OilPrices #IndianRupee #SteelIndustry #GlobalMarkets #BusinessNews #TheCoreReport #TheCore

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