European stocks closed mostly weak on Thursday as oil prices rose sharply following the collapse of peace talks between Iran and the U.S. Data showing an increase in German producer price inflation in the month of July weighed as well on sentiment.
Brent crude futures rose to over $94 a barrel, gaining about 2.7%, after U.S. President Donald Trump sharpened his rhetoric against Tehran, warning of economic consequences against any country that provided “any type of lifeline to Iran.”
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European Stocks Close Lower On Geopolitical Tensions
2026-08-20 17:01:03
