European stocks rise despite Iran's Hormuz transit fee plan

noticiasaominuto.com (Portuguese)

European stock markets opened higher on Friday despite rising oil prices after Iran announced plans to reopen the Strait of Hormuz and charge transit fees. The EuroStoxx 600 rose 0.22%, with London, Paris, Frankfurt and Milan gaining while Madrid and Lisbon fell. Brent crude climbed 0.92% to $83.25. Iran, with Oman, will control vessel traffic and levy transit fees. Investors awaited the US July employment report, seen as crucial for Federal Reserve policy. Wall Street's Dow fell Thursday, while Asian markets were mixed on Friday.


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European stocks rise despite Iran's Hormuz transit fee plan | News Minimalist