Market Report - Europe

Europe midday: Stocks plunge, oil surges as Trump declares Iran MoU 'over'

By Frank Prenesti

Date: Wednesday 08 Jul 2026

(Sharecast News) - European shares plunged and oil prices surged after US President Donald Trump declared the fragile truce with Iran "over" after both countries exchanged missile strikes.


The Stoxx 600 index was down 1.68% at 1133 BST with all benchmark indices in negative territory. Sentiment was also...

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