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The Economic Times
The Economic Times
Business

India bonds join global rout after Mideast escalation jolts oil higher

Indian government bonds plummeted early on Tuesday, as fresh strikes in the Gulf obstructed shipping through the Strait of Hormuz, yanking oil higher and triggering a global debt selloff.

U.S.-Iran fighting stretched into a third night after a fragile ceasefire collapsed, with both sides reinstating rival blockades of the strait ‌once again.

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