European Stocks Fall as U.S.-Iran Military Strikes Push Oil Prices Higher

TLDR

• European stocks opened lower Monday after U.S. forces struck Iranian missile launchers in the Strait of Hormuz
• Brent crude jumped over 2% to around $90.70 a barrel, boosting energy stocks
• Germany’s DAX fell 0.5% ahead of key inflation data
• The STOXX 600 stayed flat near 655 points, on track for a fifth straight monthly gain
• Bakkafrost dropped over 7% after disappointing second-quarter results

European markets opened in the red Monday morning after the United States carried out strikes on Iranian missile launchers in the Strait of Hormuz, pushing oil prices sharply higher.

🚨🇺🇸🇮🇷 BREAKING:

U.S. official, speaking to Axios:

"Earlier today U.S. forces struck two Iranian launchers on Larak Island.

Islamic Revolutionary Guard Corps forces were observed preparing to launch rockets with sea mines into Strait of Hormuz."

Source: @BarakRavid, Axios,… pic.twitter.com/xyAh2PNU6Z

- Mario Nawfal (@MarioNawfal) August 30, 2026

U.S. forces hit two missile launchers on Iran’s Larak Island on Sunday. It was the first known U.S. military action against Iran since late July.

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