Indian shares slumped on Wednesday as oil prices resumed their upward trend, and investors reacted to mixed messages on ?a resolution to the Middle East conflict.
Brent and WTI contracts were up 5-6 percent in European trade as the fighting in Iran continued to rage on, with the U.S. and Israel exchanging air strikes with Iran across the Middle East.
Both contracts plunged more than 11 percent on Tuesday as U.S. President Donald Trump said the war on Iran was "going to be ended soon".
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.