Global markets fall as oil surges amid Iran–Israel conflict

Global markets weakened as the Iran–Israel conflict pushed Brent crude above $82 and lifted gold prices. The Nifty 50 fell 1.2% to 24,865 while the Sensex dropped 1,048 points to 80,238. Rising oil prices and shipping disruptions through the Strait of Hormuz have increased investor caution and raised concerns over energy costs.