Oil Storm: Iran-US Tensions Push Crude Past $100, Threaten $150; India's Market Plunges

• Crude oil prices surged past $100/barrel due to Middle East conflict, with potential to hit $150 if war prolongs.
• Strait of Hormuz, vital for 20% of global oil/gas supply, becomes a major threat, risking severe disruptions.
• Asian economies like India, China, Japan, South Korea face the greatest impact from supply disruptions and rising energy costs.
• Indian stock market, Nifty, already saw over 5% decline; rising oil prices, rupee weakening, and FII selling add pressure.
• Market direction hinges on Iran-Israel conflict resolution and oil price stabilization; instability expected otherwise.