European indices opened lower, Stoxx 600 -1.0%, DAX -1.3%, CAC 40 -1.1%, FTSE 100 -0.4% by 03:03 ET.
Luxury, travel and leisure stocks fell as the Iran conflict threatens sales and raises fuel costs.
Brent crude rose 5.2% to $95.04 per barrel after earlier price drop, reflecting renewed Strait of Hormuz concerns.
US seized an Iranian cargo ship; Tehran warned retaliation and may skip upcoming negotiations, adding geopolitical risk.