Indian markets fall as the US reignites tensions with Iran, driving up oil prices and increasing risk sentiment. Bloomberg reports that Indian stocks tumble and the rupee weakens after US President Donald Trump says a tentative ceasefire with Iran has ended following attacks on ships transiting the Strait of Hormuz. The Economic Times adds that stocks and the rupee decline sharply on Wednesday after fresh US strikes on Iran and further gains in oil prices. It also reports that India’s volatility index rises, indicating greater risk perception among traders. Bond yields increase by the largest margin in more than three months, reflecting heightened expectations of tighter financial conditions. The rupee ends the session as the continent’s worst performer, according to the Economic Times. Both reports attribute the market moves to geopolitical developments linked to Iran, which feed into fuel costs and broader expectations for economic and financial risk. Analysts cited by the Economic Times suggest such reactions may fade quickly, depending on how events evolve.