European Shares Hover Near One-month Low On Inflation, Rate-hike Concerns

European stocks were subdued near a one-month low on Wednesday due to concerns over rising oil prices and bond yields.

Brent crude prices rose toward $95 a barrel after the U.S. military hit targets in Iran and Tehran retaliated by firing missiles and drones at various sites across the region, heightening fears of supply disruptions and threatening commercial shipping through the Strait of Hormuz.