A ship is seen passing through the Strait of Hormuz in Oman on April 8, 2026, after a two-week interim ceasefire was reached between the United States and Iran on the condition that the Strait of Hormuz be reopened.
Shadi JH Alasar | Anadolu | Getty Images
LONDON — European stock markets are expected to start the new trading week on a somber note as global traders assess developments in the Middle East situation over the weekend.
british FTSE The index is expected to open 0.62% lower, along with Germany’s index. dachshund 1.45% down, France CAC40 1% decrease in Italy FTSE MIB According to IG data, it fell 0.9%.
European stock exchanges are expected to follow Asia-Pacific stocks’ decline on Monday as investors react to US plans to close the Strait of Hormuz. The move was announced after talks between the US and Iranian governments over the weekend failed to reach an agreement to end the conflict in the Middle East.
“Effective immediately, the United States Navy, the world’s greatest navy, will begin the process of blockading any vessels attempting to enter or exit the Strait of Hormuz,” President Trump said in a post on his social media platform Truth Social on Sunday.
“The blockade will begin soon. Other countries will be involved in this blockade. Iran will not be allowed to profit from this illegal act of extortion.” President Trump posted early Monday morning that a blockade of ships entering and leaving Iranian ports would begin at 10 a.m. ET (3 p.m. London time).
The breakdown in negotiations between Iran and the United States has reignited fears of a protracted conflict after oil prices soared on Sunday.
European investors will also focus on Hungary on Monday after long-time conservative leader Viktor Orbán conceded defeat to Péter Magyar’s pro-EU ally Tisza following a landslide election victory for the opposition. The victory is a blow to Russia and the Trump administration, which saw the Eurosceptic Orban as an ally.
The source of revenue is LVMH, christian dior And on Monday, Gulp Energia. No major data released.
