India, April 9 -- A day after scoring strong gains following a two-week ceasefire agreed to by the U.S. and Iran, European stocks turned weak on Thursday as Tehran halted the passage of oil tankers through the Strait of Hormuz after accusing the U.S. of violating three clauses of the 10-Point Proposal.
Iran has closed the Strait of Hormuz and threatened to walk away from the agreement as Israel continues to strike Lebanon. U.S. President Donald Trump has also warned of renewed escalation in the event of Iran not making an attempt to reach a broader deal.
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