India, July 8 -- German stocks plunged sharply on Wednesday as escalating tensions in the Middle East pushed up oil prices and triggered inflation and rate concerns, prompting investors to exit counters.
Bond yields moved higher as well. The yield on Germany's 10-year Government bond rose 3.077% this morning.
Oil prices rose more than 6% after 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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