{"id":6086,"date":"2026-03-28T15:09:08","date_gmt":"2026-03-28T09:39:08","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=6086"},"modified":"2026-03-28T15:09:09","modified_gmt":"2026-03-28T09:39:09","slug":"global-markets-bleed-as-west-asia-war-enters-week-4-brent-crude-skyrockets-to-113-%e2%82%b941-lakh-crore-erased-from-d-street","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/global-markets-bleed-as-west-asia-war-enters-week-4-brent-crude-skyrockets-to-113-%e2%82%b941-lakh-crore-erased-from-d-street\/","title":{"rendered":"Global Markets Bleed as West Asia War Enters Week 4: Brent Crude Skyrockets to $113, \u20b941 Lakh Crore Erased from D-Street"},"content":{"rendered":"\n

The global economy is staring into an abyss as the conflict between the United States, Israel, and Iran enters its fourth high-octane week. What began on February 28 as a localized strike has metastasized into a regional conflagration, sending shockwaves through financial hubs from New York to Mumbai.<\/sup><\/p>\n\n\n\n

In a month characterized by “Operation Epic Fury,” the closure of the Strait of Hormuz<\/strong> has emerged as the single most potent weapon, throttling nearly 20% of the world\u2019s oil and gas supply.<\/sup> The result? A brutal re-pricing of global risk that has left investors with nowhere to hide.<\/p>\n\n\n\n

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Energy Crisis: Brent Crude\u2019s 45% Vertical Rally<\/h3>\n\n\n\n

Energy markets are in a state of hyper-volatility. Since the outbreak of hostilities, Brent Crude<\/strong> has surged by over 45%<\/strong>, briefly touching the $120 per barrel<\/strong> mark before settling near $113<\/strong>.<\/sup> The “risk premium” is no longer a theoretical concept; it is a daily reality as Iran maintains its stance that the Strait remains “closed to enemies.”<\/sup><\/p>\n\n\n\n

With tankers stalled and insurance premiums for Gulf transit hitting record highs, India\u2014which imports over 80% of its oil\u2014is facing a massive expansion in its trade deficit. The inflationary pressure is already trickling down to the retail level, with fuel prices expected to see a series of sharp hikes in the coming week.<\/p>\n\n\n\n

Dalal Street\u2019s Darkest Month Since COVID-19<\/h3>\n\n\n\n

For the Indian equity markets, March 2026 has been a “bloodbath.” The benchmark NIFTY 50<\/strong> and SENSEX<\/strong> have both tumbled by over 10%<\/strong> this month alone\u2014the worst monthly performance since the pandemic crash of March 2020.<\/sup><\/p>\n\n\n\n