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Mumbai, June 21, 2026, 04:33 IST Indian stocks start a holiday-shortened week as their oil-led bounce gets put to the test. On Saturday, Iran’s Revolutionary Guards said the Strait of Hormuz was closed again. U.S. officials countered that 55 merchant ships had cleared the strait and talks were going on in Switzerland, according to Reuters. India faces more risk now as cheap crude has helped stocks, the rupee, and inflation prospects. Brent ended Friday at about $80.38 per barrel, down around 8% this week. A threat to Gulf shipping could push prices back up when energy markets reopen. (Reuters) Nifty

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