European stocks closed weak on Tuesday, weighed down by Middle East concerns and higher oil prices. Political uncertainty in the UK weighed as well on sentiment.
U.S. President Donald Trump said the fragile ceasefire between Washington and Tehran was on “massive life support,” raising fresh doubts over the chances of a lasting truce. Brent crude futures climbed to $108.45 a barrel, gaining nearly 4.5%.
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Market Analysis
European Markets Close Weak As Rising Oil Prices, U.S.-Iran Concerns Weigh
2026-05-12 17:36:09
