India, April 13 -- Global markets turned sharply negative after rising geopolitical tensions between the United States and Iran triggered renewed fears of a wider conflict. President Donald Trump's announcement of a military blockade at the Strait of Hormuz, following failed diplomatic talks, sent shockwaves through global financial systems.

Investors quickly shifted into risk-off mode as the possibility of a prolonged confrontation increased. Dow futures dropped sharply, reflecting concerns that the situation could escalate from a political standoff into a broader war scenario. Oil prices surged above $100 per barrel, intensifying fears of global inflation and supply disruption.

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