European stock markets opened higher, boosted by falling oil prices, despite continued tensions in the Middle East.

European stock markets opened higher, boosted by falling oil prices, even as investors closely monitor the US-Iran conflict. Meanwhile, Marco Rubio reiterated that the Strait of Hormuz must remain open for shipping.

On May 27, 2569 at 14.11:XNUMX a.m., CNBC reported that European stock markets opened higher on Wednesday morning (May 27). While investors continue to monitor tensions in the Middle East following the latest military operation against Iran, lower oil prices have boosted investment sentiment in the stock market.

European Stoxx 600 Index The market edged up 0.2% at the open, with major markets also moving into positive territory. The UK's FTSE 100 index That's up almost 0.1%, German DAX index Increased by 0.5%, French CAC 40 plus 0.4% and FTSE MIB of Italy The automotive sector led the market gains, rising nearly 1.6% in early trading. The index climbed 0.3%, with automotive stocks leading the rally.

The ongoing conflict in Iran remains a key factor being closely monitored by European markets, after European stock markets closed lower on Tuesday following a US military strike in southern Iran. The US Central Command (CENTCOM) described the strike as self-defense, targeting Iranian missile launch sites and vessels allegedly attempting to lay mines.

The Iranian Foreign Ministry responded by saying that the US actions constituted a serious violation of the fragile ceasefire agreement between the two countries.

Meanwhile, U.S. Secretary of State Marco Rubio said that the Strait of Hormuz, a vital global energy transport route, must be opened one way or another.

Renewed tensions have arisen despite U.S. President Donald Trump previously posting on Truth Social that peace negotiations with Iran were progressing well and that an agreement was likely to be reached soon.

Oil prices fell on Wednesday, with... Brent crude oil contract It fell 1.9% to $97.69 per barrel, while U.S. West Texas Intermediate (WTI) crude oil. It fell 2.4% to $91.65 per barrel.

refer : www.cnbc.com

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