Indian shares fell sharply on Monday after weekend negotiations between the United States and Iran aimed at ending six weeks of war concluded without an agreement, raising concerns that the Middle East conflict may last longer than feared.
Adding to investor anxiety, U.S. President Donald Trump ordered blocking all ships trying to enter or leave the Strait of Hormuz, heightening fears of disruptions to key energy supplies from the Persian Gulf region.
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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.