[Sensex Today] Stock Market Crash LIVE Updates: Sensex crashes 1,300 points, Nifty at 23,629; Failed peace talks, oil chaos trigger the decline

The US imposed a maritime blockade targeting Iranian ports and the Strait of Hormuz, impacting nearly one-fifth of the world's seaborne oil supply.

Share Market Crash LIVE Updates: The failed US-Israel-Iran peace talks once again took a toll on global share markets today. Escalating geopolitical tensions led the Sensex to crash 1,613.09 points on April 13. Meanwhile, the Nifty 50 also nosedived 461 points in early trade, hovering around 23,589.60. Markets had recovered significantly last week on hopes of de-escalation. However, the situation now appears grim again, making global markets volatile.

The global impact of these developments was evident across share markets. The effect was also visible on the GIFT Nifty, which traded sharply lower at 23,746, indicating a significant decline for the Nifty 50. Its previous close stood at 24,200. This substantial gap-down is largely due to the prevailing uncertainty

Crude oil prices climbed sharply on Monday, April 13, after crucial peace talks between the United States and Iran broke down over the weekend. Brent crude surged more than 7% to USD 103.47 per barrel, while US WTI rose 8.2% to USD 104.48, wiping out the brief calm seen during last week's ceasefire efforts. The spike came after US President Donald Trump confirmed that the 20-hour negotiations failed to resolve concerns around Iran's nuclear program. In response, the United States imposed a maritime blockade targeting Iranian ports and the Strait of Hormuz. With nearly one-fifth of the world's seaborne oil supply potentially at risk, analysts caution that prices could stay above the USD 100 mark as fears of prolonged supply disruption and escalating regional tensions grow.

Asian markets are trading sharply lower on Monday, April 13, 2026, as investors react to the collapse of US-Iran peace talks and the looming naval blockade of the Strait of Hormuz. Japan's Nikkei 225 fell nearly 0.9% in mid-morning trade, while South Korea's Kospi and Hong Kong's Hang Seng declined around 1% each, highlighting concerns over potential energy supply disruptions in oil-dependent economies. In contrast, China's CSI 300 remained largely flat with a marginal 0.1% gain. However, the broader MSCI Asia Pacific Index dropped 0.7%, and Singapore's Straits Times Index slipped 0.33%. The overall risk-off sentiment is being driven by a strengthening US dollar as a safe-haven asset and a sharp rise in crude oil prices, raising fears of renewed global inflation pressures