European Shares Decline As Oil And Bond Yields Surge On US-Iran Tensions

India, July 14 -- European stocks were notably lower on Tuesday as escalating Middle East tensions spooked markets.

Eurozone, U.S. and U.K. 10-year bond yields rose to eight-week highs as crude oil futures scaled one-month high after the announcement of a renewed U.S. blockade of Iranian ports near the Strait of Hormuz.

Markets now await the June U.S. inflation data for cues on how it may impact the Federal Reserve's monetary policy.

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