India, Oct. 8 -- German stocks tumbled on Thursday amid rising fears of inflation and interest rates as oil prices surged higher and bond yields rose amid an escalation in tensions in the Middle East.
Oil prices rose sharply amid rising concerns over an escalation in U.S.-Iran conflict. According to reports, the White House asked Pentagon to develop options to strike Iran before the midterm elections, but no final decision has been made. Meanwhile, oil companies operating in the Gulf of Mexico have begun curbing production and evacuating personnel from offshore facilities.
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