Indian shares set to open lower as Mideast conflict drives oil surge
Published on March 4, 2026.
Indian shares are expected to open lower on Wednesday due to escalating U.S.-Israel clashes with Iran that have led to a 19-month high in oil prices and increased fears of a prolonged conflict. The conflict has raised concerns about inflation, currency pressure, and India's import bill. The Middle East supplies about half of India's crude imports and accounts for around 40% of its remittances.
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