On April 13, 2026, the GIFT Nifty opened negatively, falling 323 points or 1.34%, as oil prices surged due to escalating tensions between the US and Iran. Following failed negotiations in Islamabad, the US Navy announced plans to block ships from Iranian ports, raising concerns about a prolonged conflict. As a result, Asian markets also saw declines, with Japan’s Nikkei 225 down 0.71% and South Korea’s Kospi down 0.75%. The Brent crude oil price rose above $100 per barrel, trading at $101.71, reflecting fears of supply disruptions in the Strait of Hormuz. In contrast, the Nasdaq Composite in the US managed a slight gain of 0.35%, while the S&P 500 and Dow Jones Industrial Average ended down by 0.11% and 0.56%, respectively. Precious metals like Gold and Silver futures also faced declines, dropping by 1% and 2.68%.