India's stock market is bracing for a significant decline as the conflict in Iran escalates, causing crude oil prices to spike dramatically. The Nifty 50 and the S&P BSE Sensex fell by 2.9% last week, marking their worst weekly performance in over a year. As of early trading today, GIFT Nifty futures indicated a further 2.6% drop, reflecting a broader risk-off sentiment across global markets. Brent crude oil surged to $111.04 per barrel, driven by fears of supply disruptions through the Strait of Hormuz, following military escalations involving Iran and Israel. This spike in energy costs poses serious macroeconomic challenges for India, the world's third-largest crude importer, threatening to widen the fiscal deficit and increase inflationary pressures. Additionally, foreign institutional investors offloaded ₹6,030 crore (approximately $654 million) in local shares, overshadowing domestic fund purchases. The geopolitical situation remains volatile, with potential long-term implications for global fuel prices and economic stability.