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Tue · 28 Jul 2026
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Indian Firms Beat Q4 but Iran War Clouds Outlook

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Indian Firms Beat Q4 but Iran War Clouds Outlook

📉 MUMBAI — India beat Q4; the war is now pricing the next quarter. 📌 LOOK CLOSER: India imports ~85% of its oil from Gulf states — Hormuz closure hits margins directly, not as a secondary effect. With Brent above $94 and no reopening timeline visible, guidance warnings signal corporate acknowledgment that the conflict's economic drag extends east. For Modi, private-sector pressure compounds the diplomatic case for pushing Pakistan and Qatar to revive the MOU track.

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