US Sinks Iran Warship, Oil Surges: West Asia Conflict Escalates, Markets Reel, India Hit

• A US submarine sank an Iranian warship near Sri Lanka, escalating the Israel-Iran conflict now in its fifth day.
• Oil prices surged over 12% as the Strait of Hormuz becomes a flashpoint; Qatar halted LNG production, impacting India.
• Global markets reel; India's Sensex, Nifty fall for third day, rupee hits record low amid geopolitical tensions.
• US claims "full control" of Iranian airspace, warns of targeting missiles; Trump threatens Spain over military bases.
• Supreme Court ordered a CBI probe into DLF’s Gurgaon project; Nitish Kumar may quit as Bihar CM for Rajya Sabha.