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.

Middle East Tensions Drive Oil Spike

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