Indian stock markets are set for a weak start on Thursday, with the Nifty index expected to open down 163 points at 24,092. This dip is influenced by rising global crude oil prices, with Brent crude hovering near $120 per barrel and WTI July futures exceeding $100. The surge in oil prices is linked to heightened inflation concerns, particularly after US President Donald Trump indicated that a naval blockade on Iran could persist for months. Trump emphasized that this strategy would be more effective than military action and discussed potential measures to stabilize global oil markets while mitigating impacts on US consumers. The Nifty faces a technical resistance zone between 24,300 and 24,350, with support expected around 24,000, suggesting that markets may remain volatile in early trading as investors react to these developments.