# The GIFT Nifty down 300 points or 1% after the collapse of talks between the United States and Iran.

*business · news · 2026-04-13 · The Financial Express*

## Key points

- The US has ordered a naval blockade of the Strait of Hormuz after failed Iran talks.
- Iran's Revolutionary Guard claims full control over all traffic in the Strait of Hormuz.
- Donald Trump warned China of 'staggering' tariffs if it supports Iran militarily.
- Brent crude oil prices surged above $103 per barrel following the escalation.

**Companies:** ICICI Prudential Asset Management Company, Swaraj Engines
**Countries:** United States, Iran, Pakistan, China

[Read the full story on The Financial Express](https://www.financialexpress.com/market/sensex-nifty-stock-market-today-live-updates-us-israel-iran-conflict-donald-trump-hormuz-asia-nikkei-gold-silver-rate-fii-crude-oil-13-april-2026-4205139/)

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