India, July 8 -- French stocks fell sharply on Wednesday as renewed tensions in the Middle East and the resultant surge in oil prices and bond yields rendered the mood bearish. Political uncertainty in France added to the woes.
According to reports the US carried out fresh airstrikes on Iranian targets and revoked a sanctions waiver that had allowed Iran to sell oil globally.
U.S. President Donald Trump declared at the NATO Summit that the Iran ceasefire "is over," raising fears of a larger conflict with Iran and Strait of Hormuz disruptions.
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