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Strait Of Hormuz

Sensex fell 71 points and Nifty declined 29 points on Friday as higher crude prices and Strait of Hormuz uncertainty weighed on investor sentiment.

President Trump signalled possible further US military action against Iran and claimed US control over traffic through the Strait of Hormuz.

Iran says the Strait of Hormuz will remain closed while the US naval blockade continues, linking any reopening to changes in current conditions.

Sensex and Nifty ended almost flat on Monday as investors remained cautious over Strait of Hormuz uncertainty and global market risks.

Iran says negotiations with Oman on the Strait of Hormuz have entered the final stage, signalling progress towards a new maritime agreement.

PM Modi chaired a high-level meeting to review the West Asia situation and its impact on India's energy security and economy.

MEA said 166 Indian seafarers are in and around the Strait of Hormuz, with their safety under close monitoring.

Brent and WTI crude oil prices fell more than 7% after the US and Iran paused military strikes, easing supply concerns.

A vessel carrying 30 crew members reportedly came under attack near the Strait of Hormuz, Xinhua News Agency reported.

Iran claimed it intercepted three oil tankers in the Strait of Hormuz as tensions with the US escalated following fresh military strikes.