The Hindu·3 min read·medium
Stock markets tumble over 2% on escalating U.S.-Iran tensions, sharp surge in oil prices
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PTI
✦AI Summary
Indian stock markets experienced a sharp decline of over 2% following U.S. President Donald Trump's announcement that the interim agreement with Iran is over, which triggered a surge in global oil prices. The market sell-off was broad, affecting all major Sensex firms and reflecting broader concerns about Middle East stability.
Equity benchmark indices Sensex and Nifty fell sharply by over 2% during the fag-end of the trade on Wednesday (July 8, 2026) amid reports that the U.S. President Donald Trump said the interim agreement with Iran is over, leading to a sharp rally in crude oil prices.
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