# Indian equity indices are set for a significant correction at the opening bell following President Trump's announcement of a naval blockade on the Strait of Hormuz.

*business · news · 2026-04-13 · The Tribune*

## Key points

- Indian equity indices are expected to open 1.3 to 1.5% lower due to geopolitical tensions.
- India's annual energy import bill could rise to USD 225-250 billion at current crude prices.
- Only 10% of oil demand is currently being fulfilled, with prices reaching USD 120-140 per barrel.
- Nearly 20% of Indian goods exports face disruption due to constrained transit through the Red Sea and Gulf of Oman.
- About nine lakh Indians have returned from the Gulf as jobs in construction and gig economy decline.

**Countries:** India, United States

[Read the full story on The Tribune](https://www.tribuneindia.com/news/business/safe-to-stay-away-from-trading-says-ajay-bagga-as-indian-indices-brace-for-sharp-drop-amid-fresh-geopolitical-tensions/)

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