European shares edged lower on Monday as escalating tensions between the United States and Iran pushed oil prices higher, raising concerns over inflation and dampening investor sentiment ahead of a busy week of corporate earnings and the European Central Bank's policy meeting.
The pan-European STOXX 600 index was down 0.2% at 640.45 points by 0703 GMT. According to Reuters, the decline came as oil prices climbed sharply after the U.S. military campaign against Iran entered its ninth consecutive day, intensifying concerns over global energy supplies.
