European Stocks Fluctuate Amid Middle East Tensions and Oil Price Volatility

European stock markets showed mixed movements amid ongoing Middle East tensions and inflation concerns. The STOXX 600 initially fell due to fears of a prolonged conflict affecting energy prices, with banks leading losses and oil companies benefiting from crude prices above $100 a barrel. Later, stocks recovered slightly as oil prices dipped below $100 following reports of Indian tankers passing through the Strait of Hormuz. Semiconductor shares rose on takeover interest, while some sectors remained under pressure amid cautious investor sentiment.