European stocks dip as US-Iran peace talks stall and UK political crisis deepens

European stock markets are expected to open lower due to fading hopes for a quick resolution to the US-Iran conflict, following President Trump's remarks on the fragile ceasefire. Oil prices rose amid the tensions, while US stock futures remained flat ahead of key inflation data. Additionally, UK markets face pressure amid a political crisis with calls for Prime Minister Keir Starmer's resignation after poor local election results. Investors also await earnings reports from major European companies and economic data releases from Germany and the EU.