Indian Markets Slide as Iran-US Tensions Send Oil Prices Higher

Brief By Hindustan Times / 11:36 AM on 02 Sep 2026

Indian equities opened sharply lower on Wednesday amid escalating Iran-US tensions and rising crude prices. The Sensex fell nearly 700 points, while the Nifty dropped over 200 points. Brent crude climbed to $96.6 a barrel, raising inflation concerns. Investors remained cautious as fears of prolonged Middle East conflict pressured Asian markets and global investor sentiment.