European markets dip as US plans higher EU car tariffs and Middle East tensions rise

European stock futures are set to open lower amid rising tensions in the Middle East and renewed US-EU trade friction. US President Trump announced plans to increase tariffs on European cars and trucks to 25%, causing European automaker shares to fall in pre-market trading. Meanwhile, the US unveiled 'Project Freedom' to protect commercial ships in the Strait of Hormuz, following an attack on a vessel near the UAE. Oil prices also slipped slightly amid these geopolitical concerns. Investors are closely watching these developments for their impact on global markets and trade relations.