India, April 24 -- German stocks slipped on Friday amid concerns over a lack of efforts by the U.S. and Iran to de-escalate the Middle East conflict. With Iran keeping Strait of Hormuz effectively closed, oil prices moved higher, continuing to fuel concerns about inflation and interest rates.
Tensions rose after Iran flaunted its tightened grip over the key Strait of Hormuz and U.S. President Donald Trump said he has ordered the Navy to "shoot and kill any boat" that is putting mines in the waters of the Strait of Hormuz.
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