New Delhi, March 20 -- The ongoing West Asia crisis has so far failed to trigger a sharp correction in global financial markets, but risks to energy-dependent economies such as India could escalate if disruptions in the Strait of Hormuz persist, according to a report by Jefferies.
The report noted that markets have shown surprising resilience despite intensifying geopolitical tensions in the Middle East, stating that investors have largely held steady even amid "historic newsflow" from the region.
A key factor behind this stability is the continued flow of energy supplies through the Strait of Hormuz, a critical artery for global oil and gas shipments. The report highlighted that nearly 85 per cent of energy traffic passing through the st...