Swiss Market Ends Notably Lower As Middle East Tensions Weigh

India, July 8 -- The Switzerland market closed notably lower on Wednesday, in line with markets across Europe, as rising Middle East tensions pushed up oil prices, triggering inflation and interest rate fears.

Oil prices rose more than 6% after U.S. President Donald Trump declared at the NATO Summit that the Iran ceasefire "is over," raising fears of a larger conflict with Iran and Strait of Hormuz disruptions.

U.S. President Donald Trump declared at the NATO Summit that the Iran ceasefire "is over," raising fears of a larger conflict with Iran and Strait of Hormuz disruptions.

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