European stocks hit one-week low on Middle East risks
The STOXX 600 fell 0.8 percent as Middle East tensions and rising oil prices weighed on markets. Energy shares rose while Wise fell amid a Brussels probe.
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The STOXX 600 fell 0.8% to 621.24 on Monday afternoon as escalating conflict between the United States and Iran rattled markets. The benchmark hit a one-week low following reports that Tehran might block the Strait of Hormuz. Rising energy costs and geopolitical instability threaten to stall the recent recovery in European corporate earnings.
