Indian shares join Asian slump as US-Iran stalemate continues - Reuters

<a href="https://news.google.com/rss/articles/CBMirgFBVV95cUxQa2NMV0ZmZWNFS1MtNzdrVWxBeWxRNGZseXFoZzM2TC11NllwYWtLc1dQOUhrLURKT0dEVlFQLUN5N0VET3VCOC1ZbkxKeUtSMTJtLXFJd29MbEJveWNpVVBxaVc2MVktVy1BUGE0dU51azQwQVRUWEpoVUlQRTU2N1lBMWFCazllWVA5LVZzMGhybEdQenpkSDJyZjlXaFByMG1EU3FfVmcxNVdyenc?oc=5" target="_blank">Indian shares join Asian slump as US-Iran stalemate continues</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Indian shares declined, and the rupee slid to a record low in early trade on Monday, as oil prices jumped after a drone attack on a nuclear power plant in the United Arab Emirates intensified tensions in the Middle East. The mood was further dampened after U.S. President Donald Trump warned that 'the clock is ticking' for Iran, as efforts to end the Middle East conflict appeared to have stalled.

Indian shares opened lower and the rupee slid to a record low on Monday, as oil prices jumped after a drone attack on a nuclear power plant in the United Arab Emirates intensified tensions in the Middle East. The mood was further dampened after U.S. President Donald Trump warned that 'the clock is ticking' for Iran, as efforts to end the Middle East conflict appeared to have stalled.

The Indian stock market fell and the rupee hit a new record low on Monday morning as oil prices rose after a drone strike on a nuclear plant in the United Arab Emirates intensified tensions in the Middle East. The mood was further dampened by U.S. President Donald Trump's warning that 'the time is running out' for Iran as the Middle East conflict appears to be stalling.

Most Asian shares were lower in morning trade on Monday, extending slides in global markets, as the impasse in the Middle East drove oil prices more than two percent higher. Washington and Tehran agreed to a truce in April, but negotiations on ending the conflict have stalled and sporadic attacks in the region have continued.