Major European Markets Close Weak For 2nd Straight Session

European stocks fell on Friday, extending losses from the previous session, amid a lack of meaningful progress in U.S.-Iran peace talks, and concerns about inflation, growth and interest rates. Energy stocks found support as oil prices climbed higher amid concerns about supply disruptions.

Oil prices climbed higher again, with the Brent crude climbing over $114 a barrel, even as U.S. President Donald Trump extended the pause on military strikes on Iran by 10 days. However, reports that the Pentagon is planning to send 10,000 more troops to the Middle East signal a possible escalation in tensions in the region.