European Shares Mixed Amid Hormuz Reopening Uncertainty

European stocks were mixed on Monday as uncertainty over the reopening of the Strait of Hormuz lingered and investors looked forward to the release of U.S. inflation readings later in the week for additional clues on the Fed’s rate trajectory.

Iran has warned that it will not reopen the Strait of Hormuz unless the United States meets a series of conditions, raising worries that U.S. President Donald Trump may relaunch the military option that he shelved only days ago.