European equities fell on Tuesday, with Stoxx 600 down 0.4% and DAX, CAC sliding, while FTSE 100 edged up 0.1%.
Deteriorating US‑Iran talks, after President Trump rejected Iran’s peace proposal and halted negotiators, kept the Strait of Hormuz closed, pushing Brent crude higher.
BP shares rose as Q1 profit more than doubled YoY; Norwegian Air Shuttle gained on smaller operating loss and fuel hedges; Novartis fell after core profit missed forecasts.
Rising oil prices revived inflation concerns, prompting expectations of central‑bank rate hikes.