India, Aug. 18 -- European stocks were broadly lower on Tuesday amid rising U.S.-Iran tensions. Brent crude futures climbed above $91 a barrel while Euro zone long-dated bond yields hit multi-year highs as U.S. President Donald Trump ruled out extending a temporary ceasefire agreement with Iran and Tehran said it is preparing to shift to a "fully offensive" military posture.
A cargo vessel was struck by a projectile while transiting the Strait of Hormuz, the UKMTO said today, deepening concerns over shipping safety.
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