European Stocks Slip 1% Amid US‑Iran Stalemate

European equities fell on Tuesday, with Stoxx 600 down 1%, DAX down 1.5%, FTSE 100 down 0.04%, CAC 40 down about 1%.
Brent crude rose 2% to $106.30 per barrel, above pre‑war $70 levels, raising inflation and rate‑hike concerns.
US President Donald Trump dismissed Iran’s cease‑fire proposal as “unacceptable,” while Iran called its counteroffer “generous,” delaying Hormuz reopening.
European government bond yields rose, adding further pressure on stocks amid oil‑price‑driven inflation worries.