New Delhi, June 26 -- As tensions escalate in the Middle East-particularly around the Strait of Hormuz-Indian shipping stocks have seen a sharp uptick in recent days, driven by expectations of a spike in global freight rates.

The market's reaction follows reports of a potential disruption in one of the world's most crucial maritime trade routes. This comes after a US strike on Iranian nuclear sites and Iran's Parliament proposing the closure of the strait in response-though no final decision has been made.

The Baltic Dry Index (BDI), which tracks global dry bulk shipping rates, is already showing signs of weakness. It dropped 3.5% on Friday and over 13% in just a week, signalling softer demand.

With all eyes on the sector, here are fiv...