The Iranian-Israeli conflict's unfolding developments have significant implications for India's trade routes, oil imports, and overall export economy. A government meeting with shipping stakeholders is scheduled to assess the impact,

Relative calm returned to global markets, with stocks climbing and oil sinking alongside gold as fears subsided that Israel’s war against Iran would escalate into a wider conflict. Equities extended gains on news reports Iran is signaling it wants to restart talks over nuclear programs.

The benchmark indices rallied on Monday despite the ongoing war between Iran and Israel. Sensex jumped 677 points to 81,796, while the broader Nifty closed 228 points higher at 24,946. Investor wealth rose by Rs 3 lakh crore to Rs 450.18 lakh crore on BSE today against Rs 447.21 lakh crore on Friday.

U.S. stock futures experienced significant declines following Israel’s airstrike on Iran, with S&P 500 futures dropping approximately 1.6%.

According VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, the impact on market will depend on how long the conflict lingers. In the near-term the market will be in a risk-off mode.

Crude oil prices spiked over 10 percent on June 13, marking their steepest weekly rise since 2022 as Israel conducted strikes on key Iranian installations.

Gold prices in Dubai have surged to near-record highs as tensions escalate between Israel and Iran, driving investors towards safe-haven assets. Check the latest rates and insights into the market impact of geopolitical instability.

Oil prices climbed on Monday, extending Friday's rally, as renewed strikes by Israel and Iran over the weekend increased concerns that the battle could widen across the region and significantly disrupt oil exports from the Middle East.