European Stocks Slip as Trump Mulls Iran Hormuz Deal
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- Barclays shares fell 2.7% after a £200m private‑credit hit from exposure to Market Financial Solutions, cutting its Q1 earnings.
- BP reported first‑quarter profit more than doubled, beating expectations and boosting its dividend outlook.
- Trump discussed Iran’s proposal to reopen the Strait of Hormuz with his national‑security team, a move that would lift the blockade if accepted.
- Bayer appealed a Missouri court’s $1.25m award in a Roundup cancer case, seeking Supreme Court relief for its herbicide litigation.
Why it matters: Barclays’ 2.7% share drop erodes £200m earnings, shrinking its dividend payout potential; energy firms like BP stand to gain if the Hormuz blockade eases, while traders face heightened oil price volatility.
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