Search+Investment IdeasSynopsisBrace for trouble. The US-Iran conflict now appears to be gaining in intensity and the commodities market is taking the current spiral of violence seriously. Brent crude, which was in the mid-$70s to the barrel a week back, has climbed to the mid-$80s. And that is bad news for the Indian stock markets. Nothing causes greater anxiety to the markets than rising oil prices.The way the confrontation between the US and Iran is evolving, investors may have to prepare for a conflict that does not end neatly. It could become a prolonged source of uncertainty; periods of escalation followed by temporary calm, only to return to the headlines again.The policy signals themselves can change quickly. President Donald Trump first proposed charging 20% on cargo passing through the Strait of Hormuz, and then withdrew the ETMarkets.com 17 mins readJul 15, 2026, 01:36:00 PM ISTGift this Story to your friendsFONT SIZEAbcSmallAbcMediumAbcLargeSAVEPRINTCOMMENTContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories & personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions & in-depth stock reportsSubscribe NowETUh-oh! This is an exclusive story available for selected readers only.Worry not. You’re just a step away.What’s Included withETPrime Membership