India, July 17 -- The French stock market's benchmark index CAC 40 dropped notably lower on Friday amid concerns about inflation and interest rates as oil prices moved up due to rising tensions in the Middle East.
Weakness in global tech stocks due to AI-driven jitters hurt as well.
Oil prices moved up sharply as Tehran launched strikes against several countries across the Gulf and wider region following a fresh wave of strikes by the U.S. against Iran amidst a row over control of the Strait of Hormuz.
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