Indian shares opened on a sluggish note on Wednesday amid concerns about elevated crude oil prices after the second round of talks set to take place between the U.S. and Iran were postponed and U.S. President Donald Trump unilaterally extended the ceasefire indefinitely.
The Trump administration has imposed new sanctions on Iran-linked networks, halted U.S. dollar shipments to Iraq and frozen security cooperation programs with its military.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.