Nifty slides to six-month low as US-Iran deal hopes fade, oil tops $100 a barrel - TradingView

Nifty slides to six-month low as US-Iran deal hopes fade, oil tops $100 a barrel - TradingView

Source: TradingView

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DW NOTE

The Nifty is down because oil supply is still falling 3 million barrels per day and the Hormuz blockade is seven months old with no resolution. India imports 85% of its oil. The real story is that markets took 215 days to price in a supply shock that was obvious on day one.

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