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The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Monday.
US forces will begin a naval blockade of the Strait of Hormuz from 10 a.m. Monday.
KEY POINTS
- The blockade targets vessels entering or leaving Iranian ports but allows non-Iranian traffic.
- Brent crude futures surged over 7% to $101.91 per barrel after blockade announcement.
- Japan's 10-year government bond yield hit 2.49%, its highest level since June 1997.
- US Consumer Price Index rose 0.9% in March, the largest monthly increase in nearly four years.
COMPANIES
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