Indian Shares Slump On Oil-driven Inflation Fears

Indian shares plunged on Monday as a lack of progress in the U.S.-Iran peace talks sent oil prices soaring and revived inflation fears.

Brent crude prices jumped above $105 a barrel after the United States and Iran failed to agree on a pace deal, keeping the Strait of Hormuz largely closed and raising doubts about the durability of a fragile ceasefire.