India, July 8 -- Indian shares fell sharply on Wednesday as renewed U.S.-Iran tensions drove up crude oil prices, threatening inflation outlook and giving rise to Fed rate hike expectations.
The U.S. dollar hit a one-week high, global bond yields surged and oil prices jumped more than 6 percent after U.S. President Donald Trump declared the Iran ceasefire "is over" at the NATO summit.
His remarks came after the U.S. carried out a fresh round of airstrikes on Iran, targeting more than 80 locations in response to Iranian attacks on three commercial vessels in the Strait of Hormuz.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....