Indian market affected as Iran launches attack on US airbases

After the assassination of Iranian general Qassem Soleimani, Iran launched over a dozen ballistic missiles targeting at least two bases of America in Iraq. The incident took place early in the morning on Wednesday. This has affected India badly. The Sensex has tumbled 200 points due to a rise in tension between the two nations. On the other hand, oil prices are also increasing. This report explains other effects of US and Iran's relationship.