New Delhi, Sept. 14 -- With oil prices surging over 3 per cent, amid continued disruptions in the Strait of Hormuz, analysts expect the immediate market reaction to remain "risk-off," warning that a sustained rise in crude prices could pressure the rupee, inflation, corporate margins and market valuations.

Brent crude surged to around USD 108 a barrel on Monday as persistent disruption to shipping through the Strait of Hormuz heightened concerns over global energy supplies, while US stock futures edged lower. Meanwhile, S&P 500 futures fell slightly over 0.5 per cent ahead of the resumption of US stock trading.

At the time of reporting, Brent crude was trading at around USD 107.64 per barrel while crude oil was trading at around USD 103...