US President Donald Trump's statements on Thursday morning (India time) have introduced significant uncertainty into global markets, which were previously anticipating a quick resolution to the ongoing conflict in West Asia. According to Nigel Green, CEO of deVere Group, this ambiguity is likely to lead to increased volatility across various asset classes. Following Trump's remarks, most Asian markets experienced declines of up to 3%, with India's Nifty 50 index dropping over 2% to an intraday low of 22,182.55 and the Sensex losing more than 2% to reach 71,545.81. In contrast, crude oil prices surged, with Brent crude futures rising by $4.88 (4.8%) to $106.04 per barrel and US West Texas Intermediate crude up by $4.17 (4.2%) to $104.29 per barrel. Analysts highlight that the uncertainty surrounding the conflict's duration will significantly influence market dynamics, particularly oil prices, which are sensitive to geopolitical risks. Garima Kapoor from Elara Capital noted that the markets will likely remain uncertain over the next two to three weeks, with crude oil prices expected to stay firm. Key support levels for the Nifty index are identified at 21,300 to 21,700, with potential declines to 20,000 to 20,200 if negative news persists. Rabobank International analysts maintain a base-case scenario of the conflict concluding in two to three weeks, with oil prices projected to average $107 per barrel in Q2 2026, before moderating in subsequent quarters.