Geopolitical Flashpoint: Strait of Hormuz 😔
As of July 17, 2026, the Strait of Hormuz remains effectively closed to commercial traffic. Fresh strikes continue between U.S. forces and Iranian targets, following retaliatory attacks by the IRGC on a U.S. airbase in Qatar. The International Energy Agency (IEA) has warned of severe risks to global energy security if the waterway is not reopened soon.
Indian Market Resilience
Defying global uncertainty, Indian indices ended Friday’s session with strong gains. The BSE Sensex surged 964.58 points (+1.25%) to close at 78,151.45, while the Nifty 50 climbed 261.55 points (+1.09%) to settle at 24,334.30. The rally was driven by broad-based buying in IT, financial services, realty, and auto sectors.
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