Oil prices exceeded 108 dollars following the closure of a pipeline in Saudi Arabia. This significant increase in crude prices occurred in a context of escalating tensions in the region.
The situation in the Middle East remains tense, which has contributed to instability in global energy markets. The closure of the Saudi pipeline further aggravated concerns about oil supply.
European stock markets opened the session lower, reflecting investor nervousness in the face of geopolitical uncertainty. Volatility in the Middle East region has been affecting market confidence.
At the same time, sovereign debt interest rates are rising, suggesting an increase in perceived risk by investors. This combination of factors is creating additional pressure on the European economy.
