INDIA STOCKS-Indian shares open lower as Mideast conflict raises inflation worries

Updates for markets open

July 14 (Reuters) - Indian shares opened lower on Tuesday as rising Middle East tensions pushed up oil prices and added to worries about inflation in the world's third-largest oil importer.

The U.S. military carried out a third consecutive night of strikes against Iran on Monday as President Donald Trump reinstated a blockade of Iranian shipping and proposed charging a 20% fee to guard the Strait of Hormuz.

The benchmark Nifty 50 .NSEI fell 0.59% to 24,068, while the BSE Sensex .BSESN lost 0.44% to 77,272.34 by 9:15 a.m. IST.

Fifteen of the 16 major sectors declined. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 fell 0.3% each.

Brent crude LCOc1 briefly surpassed $85 per barrel, its highest since the U.S. and Iran signed a memorandum of understanding to end the war on June 17, as the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows. O/R




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