European equity indices fell 0.2‑0.3% as investors reacted to Trump’s threat to block the Strait of Hormuz and failed US‑Iran talks.
Brent crude futures rose above $100 per barrel, reflecting concerns that roughly 20% of global oil passes through the threatened waterway.
Kering’s shares resumed trading after a >3% drop; Morgan Stanley cut its rating to equal weight, citing a priced‑in turnaround.
ECB signaled monitoring inflation from the conflict, with futures pricing three 25‑bp rate hikes by end‑2026.