India, July 8 -- The U.S. stock market once again witnessed an unpredictable trading day due to the escalation of geopolitical disputes between the two nations, which resulted in a decline in benchmark stock indices. Comments made by President Donald Trump on Iran and the rise in crude oil prices added to the inflationary pressures that compelled traders to cut their exposure to risky assets.

Traders were also expecting the release of the minutes of the Federal Reserve's June policy meeting, where investors will be searching for any hints about the upcoming path of interest rates since the central bank refrained from changing them at its latest meeting. Energy stocks fared well due to the sharp increase in oil prices by over 6% while con...