Indian shares rose notably on Wednesday despite mixed cues from global markets and growing anxiety over surging energy prices.
Brent crude prices climbed toward $115 a barrel today, hitting a four-year high on mounting uncertainty around global supply amid the prolonged closure of the Strait of Hormuz.
The Wall Street Journal reported that U.S. President Donald Trump was unhappy with Tehran's latest proposal to end the war and has instructed aides to prepare for an extended blockade of Iranian ports.
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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.