12:11 - 14.07.2026

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July 14, Fineko/abc.az. European markets went negative on Tuesday amid escalation in the Middle East and the US-imposed naval blockade, which triggered a sharp rise in oil prices. STOXX 600 fell by 0.6%, DAX by 0.3%, CAC 40 by 0.6%, FTSE 100 by 0.1%, and FTSE MIB by 0.3%.

Crude oil Brent rose more than by 2%, approaching $85 per barrel after a strong rise the day before. This put pressure on airline stocks (Air France-KLM −3%) due to increased fuel costs, while the energy and defense sectors saw growth.

The negative impact was exacerbated by US measures against Iranian shipping and fees for passing through the Strait of Hormuz, as well as expectations of US inflation data and a potential increase in Fed rates.