US stock market today: Dow Jones futures crash over 1% in pre-open session after Trump's address to the nation

Geopolitical tensions are driving crude oil prices higher, directly impacting India's import bill and potentially leading to inflationary pressures. This could offset recent positive market sentiment.

Monitor crude oil price movements closely; consider a bearish bias for oil-dependent sectors and a bullish bias for upstream oil producers, with tight stop-losses due to volatility.

For Indian markets, this story mainly matters for ONGC, RELIANCE, IOC and the Energy, Oil & Gas, Aviation pocket. The current signal is bearish, so traders should look for follow-through in price, volume, and sector breadth instead of reacting to the headline alone.

Watch whether the next market session confirms the setup described here: Higher crude oil prices generally benefit upstream oil producers. As a major refiner and petrochemical player, higher crude prices increase input costs, but also boost inventory values and potentially product prices. Its E&P segment benefits from higher crude. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •US stock futures plummeted over 1% after Trump's address on Iran.
• •Trump signaled no imminent end to military operations.
• •Crude oil prices surged, with Brent crude experiencing significant gains.
• •Concerns over supply disruptions due to the conflict are reflected in oil prices.
• •Risk flag: Further escalation of geopolitical tensions