June 13, 2025, New Delhi Israeli attacks on Iran have shaken the global economy. Geopolitical tensions have reached a peak with Israel's bombing of Tehran late last night, which has seen a sharp decline in stock markets. Crude oil prices have risen by 11% to cross $76 per barrel, raising the risk of global inflation. Indian stock market crash The Indian stock market has also been affected by this crisis. At 9:19 am, the BSE Sensex fell 1163 points to 80,528 and the National Stock Exchange's Nifty fell 284 points to 24,608. Some time later, the Sensex fell 900 points to 80,788 and the Nifty was trading 270 points lower at 24,620. The Nifty Bank Index also fell 645 points to 55,438. Who lost the most? All 30 Sensex stocks opened in the red. L&T saw the biggest decline of 2.77 percent, while shares of Adani Ports, Ultra Tech Cement, Power Grid, Bajaj Finance, Tata Motors, and Reliance Industries also fell sharply. Oil companies like BPCL, HPCL, and IOC were also under severe pressure. Three major reasons for the decline: Iran-Israel Tensions: Israel attacked Iran's military and nuclear sites, prompting Iran to retaliate with more than 100 drones. This has raised the risk of war in the Middle East. Crude oil prices rise: The dispute with Iran, a major exporter of crude oil, has sent oil prices skyrocketing, threatening the global economy. US-Iran tensions: The US has warned Iran not to develop nuclear weapons, spooking investors. Gold demand rises The Middle East tensions have pushed investors towards safe assets. There has been a surge in gold purchases, as investors see it as a safe haven. As a result, the Iran-Israel conflict has hit global and Indian stock markets hard. Rising crude oil prices and geopolitical uncertainty have shaken investor confidence. The international community needs urgent diplomatic action to avert an economic catastrophe.