Sensex drops after Iranian ship seizures in Strait of Hormuz

Global markets mixed, oil above $100

The tension has made global markets pretty jumpy. Japan's Nikkei dipped after an early rise, while South Korea's Kospi actually went up.
Over in the US things held steady with all major indices climbing a bit.
Oil prices stayed high above $100 per barrel due to supply concerns, but gold and silver lost some value, reflecting just how uncertain things feel right now for investors everywhere.