The recent decision by Iran to close the Strait of Hormuz has heightened geopolitical tensions in West Asia, a development that could lead to increased crude oil prices. This situation is expected to contribute to volatility in Indian equity markets in the coming days. Market participants are closely monitoring several factors including Q1 corporate earnings, inflation figures, foreign institutional investor (FII) flows, and overall global risk sentiment to gauge the direction of the markets. The Strait of Hormuz is a critical chokepoint for global oil shipments, and any disruption there can have significant implications for energy prices and economic stability, impacting Indian investors and companies alike.