Market Report - Europe Close

Europe close: Shares mixed as Hormuz impasse weighs on sentiment

By Frank Prenesti

Date: Monday 10 Aug 2026

(Sharecast News) - European shares closed marginally higher and oil prices surged on Monday as the US appeared no closer to resolving the Strait of Hormuz impasse after Iran demanded Washington lift sanctions on Tehran, pay reparations and meet a number of other conditions before the key waterway is reopened.
The...

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