European stocks close lower amid fading hopes of quick US-Iran deal

NAMPA / DPA

2026-05-26

Brussels (dpa-AFX) - European stocks closed lower on Tuesday as hopes for a quick US-Iran peace deal faded following US strikes against Iranian targets, while concerns about possible rate hike moves by the European Central Bank weighed on sentiment. The United States conducted "self-defense strikes" on Iranian missile launch sites and boats near the Strait of Hormuz, clouding the outlook for an interim deal between Washington and Tehran. Meanwhil......

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