European Stocks Mixed As Iran Tensions Cloud Markets

European stocks closed mixed on Monday after a choppy session as a lack of positive progress in U.S.-Iran talks and uncertainty over the reopening of the Strait of Hormuz rendered the mood cautious. Investors also looked ahead to the crucial U.S. inflation data this week for clues about the Federal Reserve’s interest rate stance.

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.