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.
Iran responded by launching attacks on two U.S. air bases in Jordan, according to Iranian media reports.
Brent crude climbed more than 2%, trading around $90.70 a barrel following the news. Energy stocks across Europe rose 0.6% in response.
The fresh military exchanges rattled investor confidence at the start of the trading week, sending most major European indexes lower at the open.
Germany’s DAX dropped 0.5% in early trading. Investors were already watching the index closely ahead of German inflation data due later in the day.
The euro zone’s broader inflation figures and U.S. payrolls data are also expected this week. Both reports could give clues on where the European Central Bank takes interest rates next.
The Euro Stoxx 50 fell 0.13% at the open, while Siemens Energy was among the worst performers, down 2.39% shortly after the opening bell.
France’s CAC 40 opened near flat. The FTSE 100 in London was closed for a bank holiday.
The pan-European STOXX 600 started the session weaker but steadied, trading flat at around 655 points by mid-morning. Despite Monday’s shaky start, the index remains on course for a fifth straight monthly gain.
The euro traded at 1.15886 against the dollar and the pound stood at 1.35433, both roughly flat on the day.
Salmon farming company Bakkafrost was one of the biggest fallers on the STOXX 600, dropping 7.1% after reporting its second-quarter results. The Faroe Islands-based company gave no immediate boost to investor confidence.
Energy was the one bright spot in an otherwise cautious session, as rising oil prices lifted stocks in that sector.
Markets will be watching closely this week as key economic data rolls in from both Europe and the United States.
The outcome of further developments in the Middle East could continue to influence oil prices and investor sentiment in the days ahead.
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