<ul data-eligibleForWebStory="true"><li>Deepak Shenoy, the founder and CEO of Capitalmind, warns of increasing economic risks due to escalating geopolitical tensions, foreseeing more turbulence for the global economy.</li><li>Shenoy highlighted the surge in Brent crude prices to over $77 a barrel, citing that geopolitical complexities are on the rise and will have negative economic impacts.</li><li>The spike in oil prices followed reports of Israel targeting Iranian military sites, causing concerns about a broader regional conflict.</li><li>The price of Brent crude briefly exceeded $78, marking its highest level since Jan. 27 amidst the recent Middle East turmoil.</li><li>Investors were rattled by the heightened tensions, with both the Sensex and Nifty falling over 1.5% as global markets turned risk-averse.</li><li>India, being a major crude oil importer, is particularly susceptible to price shocks, posing risks of inflation, widening trade deficits, and dampening consumer demand.</li></ul>

Deepak Shenoy Warns Of Economic Pain Amid Geopolitical Turmoil: ‘It’s Going To Get A Lot More Messy’

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