India, June 3 -- German stocks fell on Wednesday as inflation concerns rose after oil prices climbed higher due to tensions in the Middle East.
Brent crude futures jumped about 3% on reports that the U.S. military had thwarted Iranian missile attacks targeting Bahrain, Kuwait, and other locations in the region.
There is considerable uncertainty over U.S.-Iran negotiations aimed at ending the war and reopening the Strait of Hormuz, a critical waterway for the energy market globally.
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