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European Markets Rise Despite Oil Price Surge

Published March 16, 2026, 10:16
European Markets Rise Despite Oil Price Surge

European markets started the new week with modest gains, despite rising tensions in the Middle East and a surge in oil prices, which exceeded $100 a barrel due to fears of military attacks on Iran. Major indices, such as the Stoxx 600, DAX, CAC 40, and FTSE 100, recorded slight increases, while Italian and Spanish markets followed the same trend. President Trump mentioned that his trip to China may be postponed, as the US seeks to pressure Beijing to contribute to the reopening of the Strait of Hormuz. The escalation of the conflict in the Middle East is affecting the climate in global markets. Central bank meetings (US Federal Reserve, European Central Bank, and Bank of England) are also in focus, however, expectations for interest rate changes are limited due to the uncertainty in the Middle East. The market is closely monitoring developments and their potential impact on the global economy, while investors are trying to assess the risks and opportunities arising from the current geopolitical situation.