India, Aug. 14 -- Indian shares ended modestly lower on Friday as heightened maritime tensions in the Middle East offset softer U.S. inflation data as well as eased concerns over Federal Reserve rate path.
Brent crude futures rebounded to around $88 a barrel as talks to end the Middle East conflict and reopen the Strait of Hormuz remained deadlocked.
The United States indicated that it would maintain a naval blockade of Iran indefinitely and would ratchet up economic pressure on Tehran amid stalemate in talks.
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