# The Strait of Hormuz and tanker insurance costs are “the two most critical near-term indicators’ of the market sustaining positive momentum.

*business · news · 2026-04-08 · Moneycontrol*

## Key points

- The Strait of Hormuz conflict removed 16 to 20% of global crude supply from the market.
- Tibrewal expects $80 to $85 per barrel as the new normal for crude oil prices.
- Listed Indian companies are gaining market share and earnings from raw-material inflation.
- Non-US equity markets are now outperforming the US, marking a three-decade high in ex-US outperformance.
- Bond yields have spiked globally despite aggressive rate cuts, signaling persistent inflationary pressures.

**Companies:** Kajaria, Somany, Cera
**Countries:** United States, Iran, India, South Korea, Norway, Brazil, Thailand, Peru, Taiwan

[Read the full story on Moneycontrol](https://www.moneycontrol.com/news/business/markets/us-iran-ceasefire-reopens-strait-of-hormuz-pankaj-tibrewal-sees-sustained-equity-rotation-toward-non-us-markets-resources-and-india-13883870.html)

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