India, July 14 -- Indian shares fell notably on Tuesday after U.S. President Doanld Trump said he would reimpose the U.S. blockade on Iranian shipping and proposed to charge the equivalent of 20 percent of cargo moving through the Strait of Hormuz for guarding it, escalating a standoff over control of the strategic waterway.
Global bond yields surged and Brent crude futures jumped to a one-month high above $86 a barrel as escalating military activity across the Gulf raised concerns over shipping costs, inflation risks and the outlook for interest rates.
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