European Stocks Slip 0.8% Over Hormuz Threat

European indices fell, with Stoxx 600 down 0.8%, DAX 1.2%, CAC 40 1.0%, FTSE 100 0.6% by early trading.
President Trump threatened an immediate Hormuz blockade, later softened to target only vessels linked to Iranian ports, affecting ~20% of oil flow.
Brent crude rose above $100 per barrel, while ECB interest-rate futures price three 25‑bp hikes by end‑2026 amid inflation concerns.
Kering resumed trading after a >3% drop; Morgan Stanley cut rating to equal weight, and Eni and Leonardo shares rose.