European shares fall as US strikes on Iran hit peace hopes
The STOXX 600 fell 0.2% as U.S. strikes on Iran dampened hopes for a peace deal. Rising oil prices and cautious ECB comments on inflation weighed on sentiment.
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The X STOXX EUROPE 600 1C fell 0.2% to 630.33 points on Tuesday afternoon following new United States military strikes against Iran. The index retreated from a three-month high reached on Monday when it came within 1% of a record peak. Renewed geopolitical tension and rising energy costs threaten to reignite inflation and delay expected interest rate cuts.
