MumbaiSensex falls 900+ points, extending a seventh week of declines.
India imports most of its crude, so pricier oil strains its import bill and rupee.
Brent crude rose 2.27% to $106.70 a barrel after Trump refused to rule out further US strikes on Iran.
Trump also said Sunday he expects the war with Iran to end soon.
This week’s US inflation, manufacturing and employment data could add further volatility to markets.
How each outlet framed it
drawn from 50+ reports worldwide
- Hindustan Times
- links market decline to crude oil spike, Trump's Iran stance, India's vulnerability as world's 3rd-largest crude importer
- CoinDesk
- connects Bitcoin/crypto decline to Trump's Iran rhetoric and geopolitical risk, includes Iran's 'doomsday war' warning
Sources: Hindustan Times, CoinDesk