European Shares Subdued As US And Iran Exchange Renewed Fire

European stocks were flat to slightly lower on Monday as investors weighed the latest developments in the Middle East and monitored oil prices movements.

Brent crude futures jumped more than 3 percent toward $94 a barrel after the United States and Iran exchanged fire over the weekend, and Israeli troops captured the strategic site of Beaufort Castle in southern Lebanon in the deepest incursion into the country in more than a quarter-century.