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Indian shares slide to near six-month low as US-Iran deadlock lifts oil prices
Indian shares fell to near six-month lows on Monday, extending a seven-week losing streak, as oil prices rose after US-Iran peace talks reached a deadlock. US President Donald Trump said he rejected an Iranian proposal to reopen the Strait of Hormuz and end the fighting, while Iran said only diplomacy could resolve its conflict with the United States and Israel. The deadlock raised concerns over oil supplies through the key shipping route, pushing Brent crude futures up 3.7% to $108 a barrel. For India, the world’s third-largest crude importer, higher oil prices risk stoking inflation, widenin...
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