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Realtors eye margin relief as US-Iran peace deal raises hopes of lower fuel costs
A potential peace deal between the US and Iran offers hope for India's real estate and construction sectors. Developers are watching oil prices closely. A ceasefire could lower crude oil costs, easing supply chain worries. This may gradually reduce construction expenses and improve project margins. Stability in the Gulf region could also boost housing demand from non-resident Indians.
Dow Jones sinks over 700 points as oil, private credit worries rattles Wall Street
Brent Crude was back above the mark of $100 a barrel, closing above that mark for the first time since 2022. More ships were struck in the Persian Gulf overnight and comments from Iran's new Supreme Leader, Mojtaba Khamenei, added to the price surge. Khamenei said that the Strait of Hormuz should remain shut as a tactic to "pressure the enemy."