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Sensex Nifty may slip again as Iran US talks hinge on crude oil shockwaves
Economy
Published on 3 May 2026
Iran signals talks, but Strait of Hormuz still blocked
Dalal Street is set to watch crude oil closely after Iran hinted at resuming negotiations with the U.S. Oil fell sharply from four-year highs, but weekly gains remain possible. Traders also factor in Iran’s continued obstruction of the Strait of Hormuz and U.S. restrictions on Iranian crude exports, which could keep market volatility high next week.
- Crude oil dropped after Iran signalled potential U S talks
- Markets may still face weekly oil-driven pressure
- Strait of Hormuz block keeps supply risk elevated
- U S restrictions on Iranian exports add uncertainty
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times