European stocks closed weak on Monday amid fading hopes for a U.S.-Iran ceasefire after Iran reportedly said it will stop communications with the United States. Also, inflation and interest rate concerns rose following a sharp rise in oil prices.
Oil prices climbed higher after Iran’s state-affiliated news outlet Tasnim said Tehran will halt peace talks with the U.S. and completely close the Strait of Hormuz in response to Israeli attacks in Lebanon.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe Now
European Stocks Close Lower As U.S.-Iran Ceasefire Hopes Fade
2026-06-01 17:36:28
