European stock exchanges recorded declines due to increased tension between the United States and Iran. The geopolitical uncertainty related to the conflict between the two countries has been affecting financial markets in Europe.
There is great uncertainty about the future of navigation through the Strait of Hormuz, one of the most important maritime routes in the world for oil transportation. The strait is a strategic passage for global energy trade.
Iranian and Omani authorities cancelled without a set date the meeting that was scheduled for this Monday. This cancellation contributes to existing uncertainty and fuels the concerns of European investors regarding the situation in the Middle East.



