Market Report - Europe

Europe midday: Hormuz blockade hits Stoxx, boosts oil; Nokia surges

By Frank Prenesti

Date: Thursday 23 Apr 2026

(Sharecast News) - European markets were lower and oil prices pushed beyond $100 a barrel as the continuing blockade of the Strait of Hormuz overshadowed the extension of the Iran war ceasefire.
Despite buoyant US markets overnight, the pan-European Stoxx 600 index was down 0.4% to 611 at 1144 BST. Germany's...

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