European Stock Markets Fall on Iran-US Diplomatic Breakdown
Share:
European stock markets declined on Monday as diplomatic efforts between the United States and Iran collapsed. Iranian state media announced that Tehran would halt negotiations with Washington and extend its blockade of the Strait of Hormuz in response to Israeli attacks on Lebanon. The breakdown in talks and continued disruption of the strategic shipping route, through which roughly 20% of global oil supplies pass, contributed to market uncertainty across European trading floors.