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Ep-1287 | Stock Market News | #DailyMoneyShow
Original: Ep-1287 | stock market news | #dailymoneyshow
Takeaway
Failed US-Iran talks bring real risk of Strait of Hormuz blockade affecting crude prices, though markets bet Trump will eventually back down as past pattern.
Summary
- Sensex down 702 points to 76,847; Nifty down 207 points to 23,842; mid-cap -0.72%, small-cap -0.42%.
- US-Iran talks in Pakistan failed over three issues: Strait of Hormuz control, Israeli attacks on Hezbollah, Iran's nuclear program.
- Trump threatens to block all Iranian ships in Strait of Hormuz starting tonight via US Navy; Iran has placed sea mines that US says it will destroy.
- China supports Iran and may provide weapons; Trump threatens severe tariffs on China if they help Iran, but China denies arms supply.
- Pattern noted: Trump issues aggressive deadlines repeatedly then backs down; markets recovering on expectation he'll back down again, but global crude/gas supply risk remains.
geopoliticsIranmarket news
Original description
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