Vadim Risef Eye Stock | Getty Images
LONDON — European stock markets are expected to open the new trading week sharply lower as traders track developments in the Middle East and rising oil prices.
british FTSE The index is expected to open 0.9% lower, but Germany’s dachshund France expected to decline by 2.67% CAC40 2.3% decrease in Italy FTSE MIB It fell 2.7%, according to IG data.
European investors are waking up to more turmoil in global markets on Monday, as oil prices rose to above $110 a barrel on Sunday for the first time since 2022, when Russia invaded Ukraine.
The surge came as the Middle East’s major oil producing countries, Kuwait, Iran and the UAE, cut production following the closure of the Strait of Hormuz.
A bird flies near a boat in the Strait of Hormuz during the U.S.-Israel-Iran conflict, seen from Musandam, Oman, March 2, 2026.
Amr Alfiqi | Reuters
US President Donald Trump posted on Truth Social on Sunday that a rise in “short-term oil prices” is a “very small price” for defeating Iran’s nuclear threat. “Only a fool would think otherwise!” Trump added.
Asian markets tumbled overnight and US stock futures plunged to open this week on concerns that rising energy prices could dramatically slow the US economy.
Iran named Mojtaba Khamenei as its new supreme leader on Sunday, the Associated Press and Reuters reported, citing Iranian state media.
There will be no major results or data releases from Europe on Monday.
