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AAP
AAP
Elizabeth Howcroft

European stocks falter, oil rises, as US strikes Iran

European stock indexes are mixed, pulling back slightly from recent gains, and oil prices have risen after new US strikes in ‌southern Iran dampened investors' hopes a US-Iran peace deal could be imminent.

Market sentiment had turned more positive over the past week, as traders bet on a ‌de-escalation in the US-Israel war on Iran, which has severely disrupted Middle East oil and gas supplies since it began in late February.

But traders re-adjusted this view on Tuesday after the US said on Monday it had carried out what it called defensive strikes in southern Iran.

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