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European stocks mixed as US-Iran tensions rise after strikes in Strait of Hormuz

Market News
27 May 2026
CNBC
View Source
Neutral
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European stock markets opened mixed amid rising tensions between the US and Iran following US military strikes targeting missile sites and vessels in southern Iran near the Strait of Hormuz. The strikes, described by US Central Command as self-defense, led to accusations from Iran of violating a fragile ceasefire. Despite these hostilities, US President Donald Trump suggested peace talks were progressing well. Meanwhile, Asia-Pacific markets rose with record highs in Japan and South Korea, and US futures remained steady after recent tech-driven gains. No major European earnings or data releases are expected soon, leaving markets focused on geopolitical developments.

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