European stocks face mixed open as Iran bars US and Israeli ships in Hormuz reopening

bolsamania.com (Spanish)

European stocks face a mixed open Friday as uncertainty over Iran's conditional reopening of the Strait of Hormuz stokes risk aversion and pushes oil prices higher. Iran would reopen the crucial oil and gas route while barring US- and Israeli-flagged ships, and may impose sanctions of up to 20% of cargo value. Brent crude reached $83 and West Texas $77 after Wall Street fell Thursday. Danske Bank analysts said the draft proposal, under review by Iran's parliament, is stricter than markets expected, heightening investor risk aversion. Attention also turns to the US July jobs report for Fed rate-hike signals.


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European stocks face mixed open as Iran bars US and Israeli ships in Hormuz reopening | News Minimalist