"It is a big escalation", Ajay Bagga on the global fallout of the Strait of Hormuz blockade

Iran Herald · April 13, 2026 Sanctions

New Delhi [India], April 13 (ANI): Global financial markets have entered a period of intense volatility after President Trump announced a naval blockade of the Strait of Hormuz. The move led to immediate reactions in Asian markets where Japanese and Korean stocks opened lower.