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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: European stocks gain as lower oil prices offer relief amid Middle East tensions

Oil Europe Middle East Economic Growth United Kingdom United States

European shares edged higher on Thursday as falling oil prices offered some relief to investors, while stalled U.S.-Iran peace efforts and continued disruption in the Strait of Hormuz kept sentiment subdued, Reuters reported.

The pan-European STOXX 600 rose 0.2% to 660.49 points by 0714 GMT, after retreating from record highs in the previous session. However, gains remained limited as markets assessed the economic impact of the ongoing Middle East conflict.

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