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European stocks fell, while oil prices fluctuated near $100 a barrel, after a new escalation in hostilities raised doubts about the sustainability of the ceasefire between the United States and Iran.
The price of Brent crude, the international oil standard, rose by 0.6% today, Friday, to reach $100.64 per barrel.
The European Stoxx 600 index fell by 0.8%, and the German DAX index fell by 0.9% at the beginning of trading.
In this context, Deutsche Bank analysts wrote: “There has been a clear escalation in the past few hours. Markets have declined due to questions about whether the ceasefire is holding.”
