India, July 14 -- France's equity benchmark CAC 40 remained in negative territory a little past noon on Tuesday as worries about Middle East tensions and the resultant rise in oil prices triggered inflation and interest rate concerns, prompting investors to refrain from picking up stocks.
The CAC 40 was down 58.67 points or 0.7% at 8,305.98 nearly half an hour past noon.
Oil prices rose as supply concerns returned to the fore after U.S. President Donald Trump reimposed a blockade on Iranian ships transiting the Strait of Hormuz and proposed to impose a 20% fee on all cargo passing through the vital waterway for guarding it.
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