While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.

MILITARY conflict between Israel and Iran escalated over the weekend, and markets are bracing for further signals from the Middle East and Washington that will shape the market outlook in the week ahead.

Indian equity benchmarks opened lower on Wednesday amid heightened geopolitical tensions in the Middle East, with investors concerned about the possibility of direct US involvement in the Israel-Iran conflict.