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Global Markets Reel as Iran Conflict Looms: Gold, Silver Plunge, Gift Nifty Drops 500 Points
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Iran War Shakes Global Markets: Stocks Plunge, Gold Crashes, Oil Surges
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CNBC Awaaz
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04-03-2026, 07:21
Iran War Shakes Global Markets: Stocks Plunge, Gold Crashes, Oil Surges
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Global markets reel from Iran war: US stocks (Dow, S&P 500, Nasdaq) plunge, Gift Nifty falls.
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Gold prices crash 6%, silver drops from $90 to $81; crude oil surges to $82 per barrel.
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US President Trump guarantees Gulf shipping safety, DFC to provide risk insurance; US Navy may escort tankers in Strait of Hormuz.
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Qatar Energy halts industrial and LNG production due to drone attacks, issues force majeure to customers like India's Petronet LNG.
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Tech sector impacted: Amazon Web Services warns of Middle East disruptions; data centers damaged, deliveries delayed.
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