Nifty 50 today is trading up 0.16% at 23,187.75 in Monday’s early session, clawing back some ground after a very rough Friday. Pharma and metal stocks are doing most of the heavy lifting right now. At the same time, the Brent crude price sits comfortably above $100 a barrel. Iran war oil prices keep rattling global energy markets — the U.S.–Iran conflict has now run for three weeks, and the Strait of Hormuz remains effectively shut to commercial tanker traffic.

Nifty 50 Today And Brent Crude Price Surge Amid Iran War

Markets Open After Friday’s Losses

The Nifty 50 today session kicked off at 23,116, up around 35 points from Friday’s close, before the index gave back some early momentum. The Sensex opened 148 points lower at 74,415, then pared losses to trade nearly flat around 74,611. Mid- and small-cap indices struggled too — the Nifty MidCap fell 0.58% and the Nifty SmallCap dropped 1.04%.

Friday dealt a serious blow to the Nifty 50 share price, which shed 488 points, or 2.06%, to settle at 23,151.10. The Sensex also dropped 1,470 points that day. Foreign institutional investors dumped equities worth ₹10,716.64 crore on March 13, extending their net selling streak to 11 straight sessions. Any sustained Nifty 50 today recovery will likely need that FII pressure to ease first.

Brent Crude Price and the Hormuz Standoff

Iran’s closure of the Strait of Hormuz — a waterway that normally moves around 20% of global oil — keeps the Brent crude price elevated. Brent’s May futures traded 0.50% higher at $101 a barrel during the Asian session, also hitting $103.27 earlier in pre-market trade. The Iran war impact on oil prices hit hardest in the conflict’s opening days. Then, Brent briefly topped $119 a barrel. Right now, roughly 1,000 tankers sit stranded and unable to transit the Strait. Even more, the International Energy Agency estimates the war is cutting global supply by around 8 million barrels per day this month.

Nifty 50 today moves track crude closely, and the Iran war oil prices story gives traders very little comfort at the moment — there is no clear timeline for the Strait to reopen.

Also Read: If Oil Hits $200, This Will Trigger the Next Major XRP Price Move

What Officials Said

Leaders and officials have weighed in heavily on the Iran war impact on oil prices and the Hormuz deadlock. Those comments continue to move markets — including the Nifty 50 share price.

President Donald Trump wrote on Truth Social:

“The United States of America has beaten and completely decimated Iran, both Militarily, Economically, and in every other way, but the Countries of the World that receive Oil through the Hormuz Strait must take care of that passage, and we will help — A LOT!”

A White House official told CNBC, speaking on condition of anonymity:

“We expect these prices to come down significantly back down again” once the war is complete.

Indian Minister of External Affairs S. Jaishankar told the Financial Times:

“I am at the moment engaged in talking to them, and my talking has yielded some results. This is ongoing… Certainly, from India’s perspective, it is better that we reason and we coordinate and we get a solution.”

For Nifty 50 today, and also for global markets, the single biggest question right now is whether the Brent crude price can pull back as Iran war oil prices ease. That depends almost entirely on what happens next at the Strait of Hormuz.