India, July 30 -- Indian shares are seen opening higher on Friday, tracking firm cues from global markets. That said, volatility cannot be ruled out as Middle East worries and uncertainty over the Federal Reserve's rate path persist.
A drone strike on gas vessels at Egypt's Damietta port has intensified fears of the U.S.-Iran conflict widening across the Middle East, drawing more countries into the roughly five-month-old war and posing threats to navigation through the Suez Canal, one of the last remaining export routes for Saudi oil.
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