European equities fall as fragile Mideast ceasefire dents risk sentiment

reuters

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European shares declined on Tuesday as U.S. President Donald Trump stated the ceasefire with Iran was "on life support." Fading hopes for a peace deal, coupled with Iran's rejection of a U.S. proposal and its own demands, pushed oil prices higher and unsettled investors. The pan-European STOXX 600 fell 1.1%, with London and German bourses also experiencing significant drops. Concerns over the Strait of Hormuz closure and its economic impact continue to affect energy-dependent markets.