European Stocks Slip as Oil Rises 2%

European equity benchmarks fell, with Stoxx 600 down 0.2%, DAX down 1.4%, CAC 40 down 0.2%, FTSE 100 down 0.1%.
Brent crude rose 2% to $96.61 per barrel and U.S. crude gained 5% to $99.11 amid Strait of Hormuz supply concerns.
Spot gold increased 1.6% to $4,795.91 per ounce, driven by safe‑haven demand amid heightened Middle East tensions.
U.S. President Donald Trump warned U.S. military assets will stay around Iran, raising cease‑fire doubts and market sentiment.