“De-escalation very important…” Market Expert after markets open weak amid US-Iran tension

Mumbai, June 23, 2025 (ANI): Speaking on current Bear Market trend after US strikes three nuclear facilities in Iran, Market Expert Ramesh Bhojwani on June 23 said that the markets worldwide are also down. He also said that de-escalation and dialogue are very important and urgent. “Not just our market, but the markets worldwide are also down...All markets are interconnected...The situation which has arisen is that the US government has bombed three nuclear sites of Iran using B2 bombers, carrying 18,000 kg payloads of bombs...President and the Head of Iran have been advised to de-escalate because if this escalates from this level, then the world will face WWIII...So, de-escalation and dialogue are very important and urgent...,” said Ramesh Bhojwani. “...Iran has one trump card left, it can prevent the movement of ships carrying crude oil through the Strait of Hormuz. So, ships have to divert, 25% travelling will increase. At the same time, cost will increase. But availability of crude oil from Iran itself will stop because Iran will stop supplying. Other west asian countries that also have the resource of crude oil are together with Iran, if they stop, where will the energy security of the world go?...,” he added.