Amran: European stocks fell on Thursday, while oil prices rose, driven by concerns over the conflict in the Middle East. Meanwhile, the European Central Bank and the Bank of England decided to keep interest rates unchanged.
According to Yemen News Agency, the pan-European STOXX 600 index fell 0.7 percent, heading for its second consecutive weekly decline if current pressures persist. This was reflected in the performance of European stock exchanges, with Germany's DAX index falling 0.9 percent and France's CAC 40 index dropping 1.2 percent.
Spain's IBEX 35 index declined by nearly six percent, amid traders' assessment of preliminary data indicating a slowdown in economic growth to 0.6 percent in the first quarter.
On February 28, the United States and Israel launched a new offensive against Iran that lasted 40 days, resulting in the deaths of thousands of civilians and targeting schools, hospitals, mosques, and other infrastructure. In response to the aggression, Iran launched Operation True Promise 4 against the Zionist entity and American bases in the region, and closed the Strait of Hormuz to ships of the aggressor states and their allies.