(RTTNews) - Indian shares slumped on Monday as rising oil prices added to inflation and interest-rate concerns. Brent crude futures jumped over 3 percent toward $108 a barrel amid a lack of clarity related to U.S.-Iran peace negotiations. After publicly rejecting Iran's latest proposal to reopen the Strait of Hormuz and other demands regarding naval blockades and easing economic measures, U.S. President Donald Trump reportedly told aides he expects U.S. bombing to resume after midterm elections. Iran's Foreign Minister Abbas Araghchi expressed hopes for a diplomatic solution, but warned the country is prepared for war with the United States to resume. "We are fully prepared for the war to be resumed.
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