European Shares Decline As US-Iran Peace Deal Hopes Fade

European stocks traded lower on Tuesday as hopes for a U.S.-Iran peace deal diminished and data showed German inflation increased for the second consecutive month as a result of another rise in energy prices due to the Iran war.

U.S. President Donald Trump said the fragile ceasefire between Washinton and Tehran was on “massive life support,” raising fresh doubts over the chances of a lasting truce.