The major European markets closed mixed on Tuesday after a cautious session amid concerns about U.S.-Iran tensions and lingering uncertainty about the reopening of the Strait of Hormuz.
Investors assessed recent earnings updates and looked ahead to the crucial U.S. inflation data due later in the week for clues about the Federal Reserve’s interest trajectory.
Brent crude futures climbed above $90 a barrel amid fading hopes for a deal between Washington and Tehran to reopen the Strait of Hormuz, a critical waterway for global energy supplies. The price dropped to around $88.70 subsequently but still remained more than 1% up from previous close.
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Market Analysis
European Markets Close Mixed Amid Iran Tensions, Oil Surge
2026-08-11 17:26:48
