The Galaxy Globe bulk carrier and the Lujiation tanker dock in Muscat on March 9, 2026 in Muscat, Oman, amid the US-Israeli conflict with Iran, as Iran vows to close the Strait of Hormuz.
Benoit Tessier | Reuters
LONDON – European stocks opened significantly higher on Tuesday as traders eyed developments in the Middle East and lower but still elevated oil prices.
Prospects are pan-European Stocks 50 The latter is found at 1.3%, but they are related to the French CAC 40 And Germany’s DAX index rose 1.5% and 1.2% respectively. FTSE 100 Futures were up 0.5% at 6:23 a.m. (2:23 a.m. ET) in London, while futures tied with Italy FTSE MIB Jumped by 1.8 percent.
It was a mixed picture from global markets overnight, with US stock futures falling while Asia-Pacific markets rebounded.
The moves came after oil prices rallied after U.S. President Donald Trump told CBS News reporters that “the war is pretty much over,” but signaled a readiness to act to keep the key oil route, the Strait of Hormuz, open.
Trump said he was considering seizing control of the strait, saying Iran would be hit hard if it did anything to stop the flow of oil through the strategic sea route.
Oil prices fell 10% overnight after Trump’s comments, but remained elevated: Brent crude was down 6.8% at $92.25 a barrel at 6:26 London time on Tuesday. US crude was down 6.8% at $88.31 per barrel. The declines come after oil topped $100 on Monday.
A spokesman for Iran’s Ministry of Foreign Affairs told CNBC on Monday that oil tankers transiting the Strait of Hormuz “must be very careful.”
Earnings reports coming from Saudi Aramco, Volkswagen And Lindt. On the data front, German and French trade balance figures are due.
(Tags to translate)World Economy
