Stock Market LIVE Updates, Sensex Today: Sensex Jumps 350 Points As US Drops 20% Fee On Ships Crossing Hormuz

The Sensex surged by 350 points today as the US announced it would drop a 20% fee on ships crossing the Strait of Hormuz, a move that likely aims to ease tensions in the region. This comes amid escalating threats from Trump regarding fresh strikes on Iran, which have caused Brent Crude prices to climb towards $86. The stock market's positive reaction indicates investor optimism over the potential de-escalation of geopolitical tensions, which could stabilize oil prices and economic conditions. This development is significant as it reflects how global geopolitical shifts can directly influence financial markets.