European shares drop as inflation and oil prices climb
European shares fell 0.7% as rising oil prices and Middle East conflict fueled inflation fears. Markets remain pressured by the US-Iran war and trade issues.
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Xurve View
The STOXX 600 fell 0.7% to 602.52 points on May 18 as rising energy costs and bond sell-offs fueled inflation concerns. European markets are struggling to recover pre-war levels while global peers rebound on artificial intelligence optimism. The U.S.-Israel war on Iran is in its third month, with the closure of the Strait of Hormuz continuing to pressure regional energy dependencies.
