Evening Wrap: India Today

The US delivered a one-two punch to Iran today, threatening to ground all Iranian airlines worldwide by September 23 and simultaneously receiving Tehran's offer to reopen the Strait of Hormuz within seven days. The dual-track escalation sent crude oil prices tumbling 3% on India's MCX to ₹8,572/barrel, while the Sensex closed 330 points lower at 74,529.

Watch List

• Iranian Airline Ultimatum: Treasury Secretary Scott Bessent told CNBC that **27 Iranian...