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European stocks fall as Iran war escalates; oil prices rise amid global tensions

Market News
30 Mar 2026
CNBC
View Source
Bearish
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European stock markets are expected to open lower due to escalating conflict in Iran, now in its fifth week. The UK’s FTSE 100, Germany’s DAX, France’s CAC 40, and Italy’s FTSE MIB are all forecasted to drop between 0.2% and 0.6%. The conflict intensified with Yemen’s Houthi movement launching missiles at Israel, marking a new front in the war involving the US and Israel against Iran. Oil prices rose sharply, with West Texas Intermediate crude futures up 2.58% to $102.19 per barrel. In response, G7 finance, energy ministers, and central bank governors are holding an emergency virtual meeting to address the crisis. Economic data from the EU and Germany will also be released, adding to market uncertainty.

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