India's news, explained
business 24 Apr 2026

Sensex Crashes 1,600 Points in 2 Days as Oil Breaks $100

Sensex crashed 1,609 points in 48 hours. Iran seized ships in Hormuz, oil surged past $103. [Aramco's Q1 profit jumped 25% to $32.5 billion on the same crisis](/aramco-one-billion-barrels-lost-hormuz-25-percent-profit-india-fuel-prices-may-2026/), and FPIs dumped $19 billion in 2026. The relief rally is dead.