A senior Iranian official says the Strait of Hormuz will reopen only after Iran is fully compensated, as Trump sets a Tuesday deadline threatening strikes on the country’s infrastructure.

Producers around the Gulf such as the Saudis, the UAE and Iraq have cut oil output by about 10 million barrels a day, equivalent to roughly 10% of global supplies, the IEA said in mid-March

Gold has fallen more than 12% since the conflict began in late February, as spiking energy prices have stoked fears of inflation and reduced the prospects for interest-rate cuts that typically benefit non-yielding precious metals.

Brent rose 1.9% to trade above $111 a barrel, as Trump renewed threats early Sunday to attack Iranian infrastructure if the key energy-shipping route through the Strait of Hormuz remains closed.

This comes after US President Donald Trump sharply raised the stakes on Sunday, issuing an explicit warning aimed at Iran’s critical infrastructure.

The benchmark 10-year bond yield was trading at 7.1130 percent on April 6

On the domestic front, MCX gold declined 2.5 percent, while MCX silver fell 5 percent during the session. Since the start of the conflict, MCX gold has dropped 13 percent and silver has declined 21 percent.

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Pandey noted that the current crisis adds to a series of disruptions businesses and regulators have navigated in recent years, including the Covid pandemic and rapid technological shifts

Sensex, Nifty rebounded sharply on a report that Iran and the U.S. have received a plan to end hostilities with an immediate ceasefire.

Sensex, Nifty rebounded sharply on a report that Iran and the U.S. have received a plan to end hostilities with an immediate ceasefire.

Iran’s envoy says India can play a key role in West Asia, backs Chabahar cooperation and seeks stronger condemnation of US-Israel actions.

HSBC says that the threshold for rate hikes is significantly higher than what markets are pricing in.

Strong growth and stable external position support rating, but high debt and geopolitical risks weigh on outlook.

Foreign outflows persist in 2026, but domestic buying cushions markets as easing US–Iran tensions lift sentiment.

Among Gulf oil producers, Iraq has suffered the biggest drop in oil revenue as a result of the effective closure of the Strait, a Reuters analysis has found, because it lacks alternative shipment routes.

Iran’s Supreme Leader Mojtaba Khamenei vowed that assassinations and strikes will not weaken its military, as US President Donald Trump warned of attacks on power plants and potential oil seizure.

If the Nifty 50 reclaims and sustains above 23,000, a move towards 23,400–23,500, a crucial hurdle, cannot be ruled out. However, support is placed at 22,700, followed by 22,500.

The remarks come as Trump has set a deadline of 8pm Eastern Time on Tuesday for Iran to reopen the Strait of Hormuz, warning of an expanded US military response if the demand is not met.