Asian shares drop, oil prices surge on Trump threats on Strait of Hormuz blockade

Asia equities declined 0.8% during open while S&P 500 Futures dropped 1.1%. Brent crude surged 8.6% to $103.16 a barrel.

Asia equities declined 0.8% during open while S&P 500 Futures dropped 1.1%. Brent crude surged 8.6% to $103.16 a barrel.

The expiry does not necessarily imply immediate selling in the open market, but only makes these shares available for trading.

US Central Command has said that they will begin blocking ships entering and exiting the Strait of Hormuz from Monday 10 AM Eastern Time, but ships headed to non-Iranian ports will not be blocked.

US markets had rallied last week in anticipation of the peace talks and a quick resolution to the war during this 14-day ceasefire period. The S&P 500 was up 3.6% last week, while the Nasdaq jumped nearly 5%, outperforming its…

The Strait of Hormuz carries nearly 20% of the global energy supply, including LNG. While some oil supertankers traversed the strait over the weekend, LNG shipments haven’t yet made the journey.

Dalal Street will be tracking results for the fourth quarter from 42 firms between April 13 and 18. Key names include Wipro, HDFC Bank, ICICI Bank, HDFC Life, ICICI Lombard, ICICI Prudential AMC and HDB Financial Services. Wipro will also…

Besides developments related to West Asia, traders will also monitor the US Producer Price Index (PPI), crude oil prices and speeches from several Federal Reserve officials for further direction on bullion price.

From Muthoot Finance approving ₹30 interim dividend to Mahindra & Mahindra reporting higher March 2026 production and sales, here are some stocks to watch ahead of Monday trading session.

The Nifty closed above the key psychological level of 24,000 on Friday, as sentiment remained positive, aided by softer crude oil prices amid rising expectations of a potential US-Iran truce.

Sanjay Parekh, Founder & CIO at Sohum Asset Managers Pvt Ltd, said markets are likely to remain largely neutral in the near term despite ongoing geopolitical tensions. He noted that volatility may persist, but investors should view 3–5% corrections as…