Shravan Shetty, Managing Director, Primus Partners, shared that the markets continue to remain under pressure, with the Nifty falling nearly 4.5 per cent this week. He noted that the uncertainty surrounding the ongoing war and the resulting oil shock is weighing heavily on investor sentiment. According to him, the significant reduction in production from several Middle Eastern oil producers and the uncertainty around the reopening of the Strait of Hormuz could lead to further correction, as markets grapple with the combined impact of weakening demand and rising inflation.