European markets close weak as oil prices, Iran war concerns weigh

NAMPA / DPA

2026-05-12

Brussels (dpa-AFX) - European stocks closed weak on Tuesday, pressured by concerns over the war in the Middle East and higher oil prices. Political uncertainty in the UK also weighed on sentiment. Brent crude futures climbed to $108.45 a barrel, gaining nearly 4.5%. The pan European Stoxx 600 fell 1.01%. Germany's DAX tumbled 1.62% and France's CAC 40 closed down by 0.95%, while the UK's FTSE 100 edged down 0.04%. Switzerland's SMI closed 0.14% h......

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Economy

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