Geopolitical tensions reshape global markets dramatically.

Geopolitical tensions reshape global markets dramatically. India's NIFTY50 index has declined nine percent over the past month, primarily due to oil import vulnerabilities through the Strait of Hormuz amid Iran conflict concerns. Citi analysts have cut their year-end targets for the index, reflecting significant economic pressure. Meanwhile, Russia's MOEX index and state-owned Rosneft are capitalizing on renewed access to global energy markets, posting gains as Western sanctions ease on Russian oil exports. The contrast is striking: Australia's ASX200 down 3.9 percent monthly, S&P 500 down 2 percent, while Russia's resources-heavy market benefits from geopolitical realignment. Iran's stock exchange remains suspended since late February.