European Stocks Slip 0.5% as Iran Peace Talks Stall
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- Stoxx 600 opened 0.5% lower, with most sectors in negative territory.
- Marco Rubio said talks with Iran have made progress and the US prefers a negotiated diplomatic route.
- President Trump warned he will not allow Iran to control the Strait of Hormuz in any deal.
- White House called a Reuters report of a memorandum of understanding a "complete fabrication."
- Oil prices rose after US forces launched fresh defensive strikes in Iran.
Why it matters: European equity investors see immediate losses as the Stoxx 600 slides 0.5%, while energy‑related firms gain from rising oil prices after US strikes; the stalemate over Iran’s Hormuz terms keeps trade uncertainty high.
